Cheung has received a cheque for $1540 from Raju in full settlement of a debt of $1700. How should this be recorded in Cheung's books

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Cheung has received a cheque for $1540 from Raju in full settlement of a debt of $1700.

How should this be recorded in Cheung's books of account?

Debit A Bank B Bank C Bank Discounts Allowed D Bank Zinid noftr$hine Credit 1540 Raju 1700 Raju 1540 Raju 160 2000 Raju Discounts Received 1540 1700 1700 1540 160

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Cheung has received a cheque for $1540 from Raju in full settlement of a debt of $1700. How should this be recorded in Cheung's books

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