On 1st Jan 2019 Verma drew a bill for Rs. 7,000 maturing after 2 months. It was accepted by Chetan. Verma endorsed it to Mona in settlement of his liability of Rs. 7,100. It was dishonoured and Mona paid Rs. 20 as noting charges. Give journal entries in the books of Drawer
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journal
1st jan. B/R.a/c. Dr. 7000
To Chetan. 7000
1st jan. Mona. Dr. 7100.
To B/R. 7000
To discount received 100
4mar. Chetan. Dr. 7020
To Mona. 7020
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