Pass journal entries for the following.

A sold car to b for Ten Thousand riyals to be paid by emi of One Thousand Riyals each B sold the same to C for same amount and emi. At the time of emi C pays B the amount and B pays A.

Suppose you are a accountant for B and your employer wants you to do the following

1)  A’s opening balance is Eight riyals

2)  In C’s ledger it should show as payment to A

3)  In A’s ledger it should reduce the balance payable.

4)  In B’s bank book it should show as receipt from C and payment to A

5)   A’s closing balance should be Seven Thousand riyals

State the necessary journal entries.