X drew upon Y a bill of 8000 for three months on 1st January 2012 which was duly accepted and returned by the later, X got the bill discounted with his banker by paying 80. Before the bill becomes due Y told X that he was not in a position to pay the full amount and at the same time requested X to accept 4000 immediately and drew upon him for two months a bill for the balance together with interest @6% p.a. agreed to do so and the second bill was dully met. Pass necessary journal entry in the books of X only