Journalise the following transactions in the books of Mr. Ashok Agrawal.

The bank informed Mr. Ashok Agrawal that Kamlesh’s acceptance for Rs. 12,000 sent to bank for collection had been honoured and bank charges debited were Rs. 60.

Discharged Dr. Ashok Agrawal’s acceptance to Mahesh for Rs. 15,250 by endorsing Prakash’s acceptance to Mr. Ashok Agrawal for Rs. 15,100.

Vishal renewed his acceptance to Mr. Ashok Agrawal for Rs. 11,200 by paying Rs. 6000 in cash and accepting a fresh bill for the balance plus interest @ 12% p.a. for three months.

Dinesh who had accepted Mr. Ashok Agrawal’s bill of Rs. 14,000 was declared bankrupt and only 45% of the amount due could be recovered from his estate.

Journal Entries in the Books of Mr. Ashok Agrawal

Sr. No.	Particulars	JF	DEBIT	CREDIT
a	Bank A/c ....Dr.		11940
	Bank Charges A/c ....Dr.		60
	To Bank for collection A/c			12000
	[Being the sent to bank for collection bill is dishonoured and bank charges debited]
b. i.	Bills Payable A/c ....Dr.		15250
	To Bills Receivable A/c			15100
	To Discount A/c			150
	[Being our acceptance is discharged by endorsing Prakash's acceptance at a discount]
C. i.	Vishal's A/c ....Dr.		11200
	To Bills Receivable A/c			11200
	[Being the bill is dishonoured]
ii.	Vishal's A/c ....Dr.		156
	To Interest A/c			156
	[Being the Interest is Charged]
iii.	Cash A/c ....Dr.		6000
	To Vishal's A/c			6000
	[Being the part payment is made]
iv.	Bills Receivable A/c ....Dr.		5356
	To Vishal's A/c			5356
	[Being the new bill is drawn along with Interest]
D. i.	Dinesh's A/c ....Dr.		14000
	To Bills Receivable A/c			14000
	[Being the bill is dishonoured]
ii.	Bank A/c ....Dr.		6300
	Bad Debts A/c ....Dr.		7700
	To Dinesh's A/c			14000
	[Being the Drawee become Insolvent and only 45% of the amount could be recovered from his estate.]