Journalise the following transactions in the books of Kamalakar.


Nisha informs Kamalakar that Shanti’s acceptance for Rs. 14,000 endorsed to Nisha has been dishonoured and noting charges have been paid Rs. 200.

Asha renews hare acceptance to Kamalakar for Rs. 12400 by paying Rs. 6000 in cash and accepting a new bill for the balance plus interest @ 12% p.a. for 3 months.

The bank informs Kamalakar that Sindhu’s acceptance for Rs. 15000 has been dishonoured and it has paid noting charges Rs. 100.

Bank informs Kamalakar that Sangita’s acceptance for Rs. 12000 which was sent to bank for collection has been dishonoured.

Journal Entries in the books of Kamalakar.


Sr. No.
Particulars
JF
DEBIT
CREDIT
a.
Shanti's A/c ....Dr.
14200

To Nisha's A/c


14200

[Being the endorsed bill is dishonoured along with Noting Charges]



b. i.
Asha's A.c ....Dr.

12400


To Bills Receivable A/c


12400

[Being the bill is dishonoured]



ii.
Asha's A/c ....Dr.

192


To Interest A/c  


192

[Being the Interest is charged]



iii.
Cash A/c ....Dr.

6000


To Asha's A/c


6000

[Being the part – payment is made]



iv.
Bills Receivable A/c ....Dr.

6592


To Asha's A/c


6592

[Being the new bill is drawn along with interest]



c.
Sindhu's A/c ....Dr.

15100


To Cash / Bank A/c


15100

[Being the discounted bill is dishonoured along with Noting charges]



d.
Sangita's A/c ....Dr.

12000


To Bank for collection A/c


12000

[Being the sent to bank for collection bill is dishonoured]