Pass journal entries for the following transaction in the journal proper of Shri Dhruv:
1. ₹ 3,000 received from Sejal is recorded in Bijal’s account.
2. ₹ 1,600 received from Karnal for bad debts written off in past, which is credited to Karnal’s account.
3. ₹ 2,500 paid for life insurance premium is debited to Premimum A/c.