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joseph sold goods to David for $. 1,000. David accepted a bill for $. 1,000 drawn by Joseph. On the due date, David approached
joseph sold goods to David for $. 1,000. David accepted a bill for $. 1,000 drawn by Joseph. On the due date, David approached joseph and requested him to cancel the original bill and to draw a new bill for $. 1,025 (including interest) which is agreed by Joseph. On the due date, the second bill was honoured. Show the journal entries in the books of Joseph and David.
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