Received only 60 paise in rupee from official receiver of Mr.Vinod who owed Rs.10,000

CBSE Class 11
1

Give journal entries for the following:

i. Received only 60 paise in rupee from official receiver of Mr.Vinod who owed Rs.10,000.
ii. Paid Rs.7,300 to Raj in full settlement of his account of Rs.7,500.
iii. Received cash from Vinod for a bad debt written off last year Rs.500.

2

In the Books of ………. Journal

Particulars L.F. Dr. Rs. Cr. Rs.
Cash A/c Dr. 6,000
Bad debts A/c Dr. 4,000
To Vinod A/c 10,000
(Being 60 paise in rupee received from Mr. Vinod out of a debt of Rs.10,000)
Raj A/c Dr. 7,500
To Cash A/c 7,300
To Discount Received A/c 200
(Being the cash paid to Raj after receiving discount of Rs.200)
Cash A/c Dr. 500
To Bad Debts Recovered A/c 500
(Being the amount earlier written off as bad debt now received)