Pass Journal enteries for issue of debentures in each of the following transactions:
(i) Star Ltd. Issue 30,000, 10% Debentures of 100 each at a discount of 5% to be rapaid at par at the and of 5 yea₹.
(ii) Green Ltd. Issue 10% Debentures of ₹ 100 each for the total nominal (face) value of ₹ 40,00,0000 at a premium of 5% to be redeemed at the end of 5 yea₹.
(iii) Moon Ltd. issue ₹ 50,00,000, 10% Debentures of ₹ 100 each at par but redeemable at the end of 10 yea₹ at 105%.
(iv) Strong Ltd. issue ₹ 60,00,000, 10% Debentures of ₹ 100 each at a discount of 5% repayable at a premium of 10% at the end of 5 yea₹.
(v) Smart Ltd issues ₹ 70,00,000, 19% Debentures of ₹ 100 each at a premium of 5% receemable at 110% at the end of 10 yea₹.

Explanation