On Jan 15, 2006, Kartar Sold goods for Rs. 30,000 to Bhagwan and drew upon him three bill of exchanges of Rs. 10,000 each payable after one month, two month, and three months respectively. The first bill was retained by Kartar till its maturity. The second bill was endorsed by him immediately @ 6% p.a. All the bills were met by Bhagwan. Journalise the above transactions in the books of Kartar and Bhagwan. Also prepare ledger accounts in books of Kartar and Bhagwan.