Journal
Entries in the books of Sun
Date

Particulars

LR

Debit
(Rs)

Credit
(Rs)

?
1

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


15000



To
Moon's A/c



15000


[Being
the bill is drawn]




2

Bank
A/c ......Dr.


14625



Discount
A/c ......Dr.


375



To
Bills Receivable A/c



15000


[Being
the bill is discounted]




3.

Moon's
A/c ......Dr.


15000



To
Bank's A/c



15000


[Being
the discounted bill is dishonoured]




4

Moon's
A/c ......Dr.


25



To
Interest A/c



25


[Being
the interest is charged]




5

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


12000



To
Moon's A/c



12000


[Being
the part payment is made]




6

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


3025



To
Moon's A/c



3025


[Being
the new bill is drawn along with interest]




7

Bank
A/c ......Dr.


3015



Rebate
A/c ......Dr.


10



To
Bills Receivable A/c



3025


[Being
the new bill is retires]




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