give journal entries in the books of X
on 1st jan 2018 Z endorsed two Bills of 27000 and 69000 for 6 months each to X and Y in full settlement of their debts of 28000 and 72000 respectively. on the same date Y endorsed the bill of 69000 to X in full settlement of his account of 70000. X sent the bill of 27000 to the bank for collection and discounted the other bill @6%p.a. on the due date, the first bill was met but the bill for 69000 was dishonoured and noting charges of 200 were paid.
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hope this Will correct
3x+11x-4 =0
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