Debtors

Creditors

Rs

Rs

Babu

5,000

–

Chanderkala

8,000

–

Kiran

13,500

–

Anita

14,000

–

Anju

–

5,000

Sheiba

–

12,000

Manju

–

6,000

Jan. 02

Drew on Babu at two months after date at full settlement for Rs 4,800. Babu accepted the bill and returned it on 5.1.2017.

Jan. 04

Babu’s bill discounted for Rs 4,750.

Jan. 08

Chanderkala sent a promissory note for Rs 8,000 payable three months after date.

Jan. 10

Promissory note received from Chanderkala discounted for Rs 7,900

Jan. 12

Accepted Sheiba draft for the amount due payable two months after date.

Jan. 22

Anita sent his promissory note payable after two months.

Jan. 23

Anita’s promissory note endorsed in favour of Manju.

Jan. 25

Accepted Anju’s draft payable after three months.

Jan. 29

Kiran sent Rs 2,000 in cash and a promissory note for the balance payable after three months. Record the above transactions in the proper subsidiary books