a Particulars 21 Suraj corporation issued 4,000, 8% Debentures of 100 each at a discount of 10% payable as pelow: With application 20, on allotment 50, on final call the balance. The public applied for 5,000 debentures. Applications for 3500 debentures were accepted in full, the applicants for 100 debentures were allotted 500 debentures and the remaining applicants were rejected. Show the journal entries. [10 Marks] Date 24 Bank Account Ou To 80% debenture Application Account (Being receipt of application money on 5.000 debenture 2 20 per debenture) 8% Debentare Abblication Account To Bank Account To 81 Debenture Account (Being tranfey of application money to Debenture Account and amobit of stojected application Steifuned) Debenture Discount on Issue of phenton Aaut 091 , 8.1. Allotment Account
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