show the entries in the books of gopal ltd assuming that same set of books is contin 618246

The following was the balance sheet of L&M as on 31 December 2010:

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Bills Payable	1,00,000	Cash and Bank	60,000
Sundry Creditors	2,75,000	Bills Receivable	60,000
Capital Accounts:		Sundry Debtors	3,00,000
L 7,00,000		Stock-in-Trade	3,30,000
M 3,00.000	10,00,000	Furniture	40,000
		Plant & Machinery	2,35,000
		Land & Building	3,50,000
	13,75,000		13,75,000

On 1 January 2011, the above business was purchased by Gopal Ltd. for Rs.13,00,000 to be paid by the issue of equity shares of Rs.100 each credited at Rs.50 paid upon the following terms:

Land & Building and Plant & Machinery to be taken at Rs.5,00,000 and Rs.2,00,000, respectively.
The company did not take over the furniture which were disposable at Rs.25,000 and did not take bills payable which were taken over by L at an agreed value of Rs.90,000.
A provision for doubtful debts was to be made at 2% on debtors.
There was a claim for bills discounted amounted to Rs.10,000 which was taken by the company.
The company did not take over a workers claim amounted to Rs.10,000 due to accident.

Show the entries in the books of Gopal Ltd. assuming that same set of books is continued.

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