X sells goods for Rs.40,000 to Y on 1st January 2018 and on the same day draws a bill on Y at three months for the amount. Y accepts it and returns it to X, who discounted it on 4th January 2018 his bank at 6% p.a. The acceptance is dishonoured on the due date and the noting charges were paid by bank being Rs.200.    

On 4th April 2018, Y accepts a new till at three months for the amount then due to X together with interest at 12% p.a.

Make Journal entries to record these transactions in the books of X.                (5 marks)