On 1st January, 2023, X sold goods to Y for ₹ 45,000 on credit, X drew 3 bills on him: first bill for ₹ 10,000 for 1 month, second bill for ₹ 15,000 for 2 months and third bill for ₹ 20,000 for 3 months. Y accepted and returned all the bills to X.
The first bill was retained by X till the date of maturity. The second bill was endorsed to his creditor Z on 3rd January, 2023 and third bill was sent to bank for collection on 4th January, 2023. On maturity all the bills were dishonoured and noting charges amounted to ₹ 1,000, ₹ 1,500 and ₹ 2,000 respectively.
Pass the Journal entries in the books of X, Y and Z.