Sachin sold goods to Dhoni worth Rs. 1,00,000/- and Dhoni accepted the bill for Rs. 1,00,000/- at 3 months drawn by Sachin. Sachin discounted the bill with his bank @ 10 % p.a. On due date the bill was dishonoured and Dhoni requested Sachin to accept Rs. 40,000 immediately and draw upon him a new bill for the remaining amount at 3months together with an interest at 10% p.a. Sachin agreed and the second bill was duly honoured. Give the Journal entries in the books of Dhoni.

Journal Entries in the books of Dhoni

Date	Particulars	LF	Debit (Rs.)	Credit(Rs.)
? 1	Purchase A/c ..... Dr.		100000
	To Sachin's A/c			100000
	[Being the goods are purchased]
2	Sachin's A/c ..... Dr.		100000
	To Bills Payable A/c			100000
	[Being the bill is accepted]
3	Bills payable A/c ..... Dr.		100000
	To Sachin's A/c			100000
	[Being the bill is dishonoured]
4	Interest A/c ..... Dr.		1500
	To Sachin's A/c			1500
	[Being the interest in charged]
5	Sachin's A/c ..... Dr.		40000
	To Bank A/c			40000
	[Being the part payment is made]
6	Sachin's A/c ..... Dr.		61500
	To Bills payable A/c			61500
	[Being the new bill is accepted along with interest]
7	Bills payable A/c ..... Dr.		61500
	To Bank A/c			61500
	[Being the new bill is duly honoured]