Question - 29

On 1st January, 2000 Mehul sold goods to Umesh for Rs. 10,000 and drew a three months bill on him for this amount Umesh accepted and returned it to Mehil. Mehul discounted this bill with his bankers at 10% p.a. on the same date instead of meeting the bill on due date Umesh requested Mehul for its remewal at three months by adding interest at 12% to the amount of the old bill Mehul agrees to this proposal.
Give necessaey journal entries in the books of Mehul.