(Discount on issue of debentures - Fluctuating Instalment Method A company issued 12% Debenture of $ 10,00,000 at par, redeemable at 10% premium. Assure further that Debentures are to be redeemed by drawings method in the following manner: Year end Amount (Face value) $ 2 1,00,000 3 2,00,000 4 5 3,00,000 4,00,000 Pass journal entry for issue of Debentures and ledger Account of Loss on Issue of Debentures for five years