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9. Pass the necessary Journal entries for the issue of debentures in the following. cases. (a) 15000, 9% debentures of 250 each issued a premium, repayable at 15% premium(b) *3,00,000 12% debentures of 100 each at a discount of 10%, repayable at 5% primium. |
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Answer» (1) bank ACCOUNT de 3750000 to 12%debenture app ac 3750000 (2) debenture app ACC de 3750000 LOSS on ISSUE to de. ac. 562500 to 9%de.ac. 3750000 to pre.on deb. acc 562500b). bank account de. 27000000 to deb.app. account 27000000 deb.app.ac. de 27000000discount on deb . ac 3000000loss on issue deb.ac. 15000000 to 12%deb. ac 300000000 to primium on deb.ac. 1500000 |
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