H ltd.forwarded on 1.7.2006, 100 bicycles to vasu of Hyderabad to

be sold on behalf of H Ltd.The cost of each bicycle was Rs.150 but the invoice price was Rs.200.H Ltd incurred Rs.1000 on freight and insurance.vasu received the consignment on 14.7.2006 and accepted a three months draft drawn upon him by H Ltd.For Rs.10000.vasu paid Rs.400 as rent and Rs.250 as insurance and by 31.12.2006 had disposed of 80 bicycles at Rs.205 each.vasu is entitled to a commission of 5% on sales including del credere commission of 1%.vasu sold 20 bicycle on credit and was not able to recover sales proceeds of 5 bicycles because of insolvency of the debtor.Give journal entries to record the above transactions in the books of H Ltd and vasu