On 1 st august 2017 Pradeep drew a bill on Raju for 75,000 for 3 months. Thos was the amount which raju owed to pradeep . On aug 4 2017 pradeep discounted the same at 14 percent per annum from Bank. On november 1, 2017 Raju requested pradeep for renewal of the bill. Pradeep agreed on the condition that 35,000 be paid immediately together with interest on the remaining amount at eighteen percent per annum for 3 months and that for the remaining amount raju should accept a new bill for 3 months. These arrangements were duly carried out. Pradeep received 40 paise in a rupee from Rajus estate. 
Show the entries in both the books of the parties.

Dear student


(being the amount received 40% from the estate )
Regards

Regards
Regards

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