Aman and Harsh were partners in a firm. They decided to dissolve their firm. Pass necessary Journal entries for the following after various assets otherthanCashandBank and third party liabilities have been transferred to Realisation Account:

a There was furniture worth 50,000. Aman took over 50% of the furniture at 10% discount and the remaining furniture was sold at 30% profit on book value.

b Profit and Loss Account was showing a credit balance of 15,000 on the date of dissolution.

c Harsh's loan of 6,000 was discharged at 6,200.

d The firm paid realisation expenses amounting to 5,000 on behalf of Harsh who had to bear these expenses.

e There was a bill for 1,200 under discount. The bill was received from Soham who proved insolvent and a first and final dividend of 25% was received from his estate.

f Creditors, to whom the firm owed 6,000, accepted stock of 5,000 at a discount of 5% and the balance in cash.