Question

A company wants to issue its 1000 8% debentures of R 100 each with a

condition stipulated to their redemption. Following are the cases of conditions

stipulated to redemption of debentures. Make Journal Entries for the issue of

debentures in these cases : 6

(i) Debentures are issued at R 100 and are redeemable at R 110

(ii) Debentures are issued at R 110 and are redeemable at R 100

(iii) Debentures are issued at R 90 and are redeemable at R 100

(iv) Debentures are issued at R 90 and are redeemable at R 110​

Answer 1

Answer:

Debentures are issued at R 90 and are redeemable at R 100

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