A bill for ₹ 4,500 is drawn by Mohan on Ram Nath and accepted by the latter. Show the journal entries that would be recorded in the books of both the parties under each of the following circumstances :
(i) Bill is retained till the due date.
(ii) Bill is discounted with his bank, Bank of Baroda, for ₹ 4,380.( Ignore GST)
(iii) Bill is endorsed to creditor Mehtab in settlement of his debt of ₹ 4,520.
(iv) if Mohan sent the bill to his bank for collection.