Shubham draws on Rajendra a bill for Rs.45,000 on 1st June for 3 months. Rajendra accepts the bill and sends it to Shubham who gets it discounted for Rs.44,100. Shubham immediately remits Rs.14,700 to Rajendra. On the due date Shubham, being unable to remit the amount due, accepts a bill for Rs.63,000 for three months which is discounted by Rajendrafor Rs.61,650. Rajendra sends Rs.11,100 to Shubham. On the due date Shubham becomes insolvent, his estate paying forty paise in the rupee. Give Journal Entries in the books of Shubham and Rajendra (15 Markel