Question

Mr. David draws two bills of exchange on 1st Jan. for 6,000 and 10.000. The bills of exchange for 6,000
is for two months while the bill of exchange for 10,000 is for three months. These bills are accepted by Mr.
Thomas. On 4th March Mr. Thomas requests Mr. David to renew the first bill with interest at 18% p.a. for a
period of two months. Mr. David agrees to this proposal. On 20 h March, Mr. Thomas retires the acceptance
for 10,000, the interest rebate i.e., discount being 100. Before the due date of the renewed bill, Mr.
Thomas becomes insolvent and only 50 paise in a rupee could be recovered from the estate. You are to
required to give the Journal entries in the books of Mr. David.​

Answer 1

sorry for not responding

MAKE ME BRAINLIST

Answer 2

Answer:

Working note. Interest = 6,000* 18%*=2=180 12 please mark me as brainliest