Mr. Rao sells consumer durables under Installment System under which 20% of the total dues are to be paid on delivery and the balance in eight equal quarterly installments commencing from the last date of the quarter in which goods have been delivered. 15% of the total dues are attributed towards interest for which credit to revenue is taken as:

In the year of Sale : 30% Next Year : 50% The year after Next : 20%

Total dues for goods sold and delivered during the last three years had been

Rs

2007

2,00,000

2008

2,50,000

2009

3,00,000

On Jan 1, 2009, Installment Debtors Account and Interest Suspense Account showed balance of Rs 1,67,500 (Dr.) and Rs 32,250 (Cr) respectively. The deliveries have been even throughout the year and all the installments have been collected on due date.

Prepare Installment Debtors Account and Interest Suspense Account as they would appear in 2009.