Claire had previously purchased inventory from David on credit for $20 000. On 1 August Claire gave David a 60-day bill of exchange to cover the amount of the account payable plus interest at 10% p.a.. On the maturity date (30 September), Claire paid the liability existing on the bill. Prepare the journal entry to record the issue of the bill on 1 August and the settlement of the bill on 30 September. Narrations are not required.