X sells goods for ₹ 40,000 to Y on 1st J...

X sells goods for ₹ 40,000 to Y on 1st January , 2019 and on the same day draws a bill on Y at three months for the amount. Y acceopts it and returns it to X, who discounted it on 4th January , 2019 with his bank at 6%p.a.. The accepteance is dishonoured on the due date and the noting charges were paid by bank being ₹ 200.
On 4th April 2019, Y accepts a new bill at three months for the amount then due to X togther with interset at 12% p.a.
Make Journal to record these transcations in the books of X.

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