On 1st March, 2014. Bheem sold goods to Raju worth Rs. 10,000/- and Raju accepted the Bill for Rs. 10,000/- at 3 months drawn by Bheem. Bheem discounted the bill with his bank @ 10% p.a. On due date the bill was dishonoured and Raju requested Bheem to accept Rs. 4,000/- immediately and draw upon him a new bill for the remaining amount at 3 months together with an interest @ 10% p.a. Bheem agreed. The second Bill was duly honoured. Give Journal entries in the books of Bheem.

Journal Entries in the Books of Bheem (Drawer)

Date	Particulars	LF	Debit (Rs.)	Credit (Rs.)
1.3.14	Raju's A/c …… Dr.		10000
	To Sales A/c			10000
	[Being the goods are sold]
1.3.14	Bills Receivable A/c  ..... Dr.		10000
	To Raju's A/c			10000
	[Being the Bill is drawn]
1.3.14	Bank A/c ..... Dr.		9750
	Discount A/c .... Dr.		250
	To Bills Receivable A/c			10000
	[Being the bill is discounted]
4.6.14	Raju's A/c ...... Dr.		10000
	To Bank A/c			10000
	[Being the discounted bill is dishonoured]
4.6.14	Raju's A/c ....Dr.		150
	To Interest A/c			150
	[Being the interest is charged]
4.6.14	Bank A/c ... Dr.		4000
	To Raju's A/c			4000
	[Being the part payment is made]
4.6.14	Bills receivable A/c ......Dr.		6150
	To Raju's A/c			6150
	[Being the new bill is drawn along with interest]
7.9.14	Bank A/c ..... Dr.		6150
	To Bills Receivable A/c			6150
	[Being the new bill is duly honoured]