Academic Achievers (1)BlueLtd,issued 8,00,000;9% Debentures of100 each at par and redeemableat 10% premium at the end of sixth year. Allthe debentures were subscribedand due amounts werereceived, Pass Journal entries for issue of debentures, (2) BGLtd.issued2,000,12% Debentures of 100 each on ist April,2020 ata discount of Sandredeemable at premiumof 5, Theissue was ully subscribed. According tothe terms ofissue interest onthe debenturesis payable hal-yearly on ‘30thSeptember and3ist March. Pass necessary Journal entries forissue of debentures, witing-off Loss on Issue of Debentures debenture interest forthe year ending 3ist March, 2021 and transfer ofinterest on debentures ofthe year tothe Statement of Profit and Loss. (3) Ontst April, 2020, Amro Ltd. issued 10,000, 9% Debentures of100 each at discount of10% redeemable at par after Syears, The issue prices payable along with application. The debentures were subscribed. Ithasa balance of1,75,000in, Securities Premium Reserve and 50,000 in Capital Reserve.Pass Journal tries for issue of debenturesand writing off the discount and prepare Discount on Issue of Debentures Account (4) Zed.td. issued 2,00,000, 6% Debentufes of100 each ata discount of % redeemable ata premiumof 10% after years. Theamount was payables follows: Onapplication-50 per debentiire;and Onallotment-Balance. Record thenecessary Journal entries forthe issue of debentures in the books of Zed Ltd, (5) Onist April, 2018, RJ. Ltd. issued 10,00,000, 9% Debentures of 100 each at a discount of 10%. These debentures Were redeemableata premium of 5% after four years,Pass necessary Journal entries for the issue of debentures ‘and prepare 9% Debentures Account. (6) Onist April, 2019, Bright Ltd. issued 4,00,000, 6% Debentures of 100 each ata discount of 5%, redeemable after three years. Theamount per debenture waspayableasfollows: On Application-80 per debenture OnAllotment-Balance ‘The debentures were fully subscribed and all money was duly received, Pass necessary Journal entries forissue of debentures. (7)On\st April, 2020, Moonlight Ltd. issued 10,000, 9% Debentures of 200eachat a discount of 5% redeemableafter Syears ata premium of10%. All the debentures were subscribed and allotment wasmade. The balance in Securities Premium Reserveis1,00,000. Pass theJournal entries for issue of debentures and writing off the loss on issue of debentures. (8)Journalise the following transactions: (@)Mehar Ltd. issued 21,00,000)12% Debentures of 7100each ata premium of 5% redeemable ata premium of2%. (b)12% Debentures wereissued ata discount of 10% to a vendor of machinery for of 9,00,000. payment (c)lssue of 10,000, 1% Debentures of 7100 each ascollateralin favour of State Bank of India, ‘Company opted to pass necessary entry for issue of debentures. (9)Honey Ltd. issued 10,000,9% Debentures of100 each for subscription, payable 60 on applicationand balance onallotment. Subscription was received for 9,000 debentures. Allotment wasmade and dueamount wasreceived, Passthe Journalentries for issue andallotment of debentures. (9) Rocky Ltd. purchased building for%22,00,000. Half the payment was made by cheque andthe balance halfby issue of 9% Debentures of100 each ata premium of 10%, Pass necessary Journal entries,