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T. Ltd. offered 2,00,000, 8% Debenture of Rs.500 each on June 30, 2002, at a premium of 10% payable as Rs.200 on the application (including premium) and balance on the allotment, redeemable at par after 8 years. But application are received for 3,00,000 debenture and the allotment is made on pro-rata basis. All the money due on application and allotment is received. Record necessary entries regarding the issue of debenture.

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Journal Entries.

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