D owes ~ 6,000 to S. The debt is discharged by D on 1.6.2014 by accepting two bills of exchange drawn on him by S —- one for ~ 4,000 at 2 months and the other for ~ 2,000 at 3 months. The first bill is endorsed in favour of R, a creditor, in full settlement of his debt for ~ 4,200. The second bill is discounted with the banker at 15% p.a. on 4th June. Both the bills were dishonoured, the noting charges in each case being ~ 60. On 5th September, D agreed to accept another bill for the total amount including interest @ 18% p.a. payable after 3 months. On the due date the bill was dishonoured. D was declared insolvent and a final dividend @ 40% was realised from his estate.
Show the Journal Entries in the books of S.