11. On 1st January, 2019, Julie supplied goods to Vikram of the value of 9,000 and settled the account by means of three bills of 3,000 each, due after two, three and four months respectively. Hlwheld 2 A week later, Julie discounted the first bill at the discount of 60. The other two bills were however, Vikram arranged to retire the bill paying 1,000 cash and giving Julie a fresh bill for four months to cover the balance together with 12% interest per annum. Julie discounted for 2,000. Pass the necessary Journal Entries in the books of Julie and Vikram.
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