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You are required to pass journal entries for the issue of debentures in the following conditions : 

(a) Ben Ltd. issued 5,000, 12% Debentures of Rs 100 each at par. redeemable at 5% premium after five years. 

(b) Rex Ltd. issued Rs 2,00,000. 12% Debentures of Rs 100 each at a discount of 2%. redeemable at a premium of 5% after 10 years. 

(c) Josh Ltd. issued 6,000 12% Debentures of Rs 100 each at a premium of 5%, redeemable at a premium of 10% after 6 years. 

(d) Oxygen Ltd. issued Rs 30.000. 7% debentures of Rs 100 each to a Creditor for Rs 25,000 in lull satisfaction of his claim. The company had purchased machinery from him.

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JOURNAL ENTRY

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