ABC Ltd. Issued 10,000, 10% Debentures of ₹ 100 each at par for cash payable in full along with the application. Applications were received for 60,000 debentures . Debentures were allotted and excess application money was refunded Pass. Journal entries in the books of the company.

Citizen Watches Ltd. Issued 7,500,8% Debentures of ₹ 100 each at par for subscription payable along. With application. Subscription was received for 7,000 debentures. The debentures were dully allotted.

Aspi Co. Ltd. Issued 20,000, 9% Debentures of ₹. 100 each at per payable on application by 1st April, 2019. Applications were received for 20,000 debentures. Debentures were allotted on 5th April, 2019. Pass necessary Journal enteries in the books of the company.

Intex Ltd . Issued 10,000, 10% Debentures of ₹ 100 each at a primium of 10%, Payable along with application. Application were received for all the debentures issued and allotment was made. Pass the Journal enteries.

Vijay Laxmi Ltd. Invited applicatins for 10,000, 12% Debentures of ₹ 100 each at a premium of ₹ 70 per debentures. The full amount was payable on application. Application were received for 13,500 debentures. Applications for 3,500 debentures were rejected and application money was refunded, Debentures were allotted to the remaining applications. Pass necesseary Journal entries in the books of vijay Laxmi Ltd. for the above trnasactions.

Nav Lakshmi Ltd . Invited application for 3,000, 125 Debentures of ₹ 100 each at a premium of ₹ 50 per debenture. Full amount was payable o n application. Applications were received for 4,000 debentures,. Applications for 1,000 debentures were rejected and application money wes refunded. Debentures were allotted to the remaining applications. Pass necessary Journal enteries for the above transactions in the books of Nav Lakshmi Ltd.

Elegant Ltd. Issued for subcription 10.000 11% Debentures of ₹ 100 at a premium of 10% payable along with application. Subscription was received for 9,000 debentures and all the applicants were allotted the debentures. pass te Journal enteries for the above.

Narain Laxmi Ltd. Invited applications for issuing 7,500, 12% Debentures of ₹ 100 each at a premium of ₹ 35 par debentures. The full amount was payable on application. Applicatrion were received for 10,000 Debentures. Allotment was made to all the application on pro rate. Pass necessery Journal entries for the above transactions in the books of Narain Laxmi Ltd.

Lemon Tree Ltd. Issued 5,000, 9% Debentures of ₹ 100 each at a premium of 20% payable: On Application - ₹ 50, On Allotment - Balance. Applications were received for the debentures issued and also the amount due on allotment. Pass the Juurnal entries for the above.

Honey Ltd . Issued 10,000, 9% Debentures of ₹ 100 each for subscription, payable ₹ 60 on applicaton and balance on allotment. Subcription was received for 9,000 debentures. Allotment was made and due amount was received . Pass the Journal entries for issue and allotment of debentures.