On 2nd February, 2016, A purchased from B goods for Rs. 17,500. A paid Rs. 2,500 immediately and for the balance gave a promissory note to B, payable after 60 days. B immediately endorsed the promissory note in favour of his creditor C for the full settlement of a debt of Rs. 15,400. On the due date of the bill, C presented the bill to A, which the latter dishonoured and C paid Rs. 50 as noting charges. On the same date, C informed B about the dishonour of the bill and B immediately settled his debt to C by cheque for Rs. 15,050 which includes noting charges. A settled B's claim by cheque for the same amount. Record the necessary journal entries in the books of B.
In the Books of B
Note: Discount of Rs. 400 has not been debited in the entry for dishonour because full payment has been made to C on the date of dishonour itself.