Record the following transactions in Bills Receivable and Bills Payable Books alongwith postings in…

Record the following transactions in Bills Receivable and Bills Payable Books alongwith postings in the ledge accounts:

2009

Mar 1

Received from Srinivasan bill duly accepted for Rs 1,27,500 dated Feb 20, 2009 payable three months after date

Mar 7

Accepted Vasu’s draft for 77,000 at two months

Mar 10

Prabhu drew on his trader at three months date and the same was accepted for Rs 50,000

Mar 12

Drew on Rajesh at two months for Rs 90,000 and was accepted by him the next date (day)

Mar 16

Gave acceptance at three months for Rs 27,000 to Shiva

Mar 19

Received from Gopi his acceptance for Rs 1,10,000 at three months

Mar 21

Received from David, Anand’s acceptance for Rs 45,000 at two months from Mar 15

Mar 24

Kesav accepted my draft at two moths for Rs 27,500

Mar 27

Received from Satish bill for Rs 61,000 dated Mar 20, accepted by Ram and drawn by Mohan payable one month after date

Mar 30

Gave acceptance for Rs 99,000 at two months to Arora

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