Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on May 06, 2021

Give journal entries for the issue of 1,50,000 debentures of Rs. 10 each under the following conditions : (i) Issues at par. (ii) Issued at

Give journal entries for the issue of 1,50,000 debentures of Rs. 10 each under the following conditions :
(i) Issues at par.
(ii) Issued at 10% premium.
(iii) Issued at 10% discount.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Part I Particulars Working Debit Rs Credit Rs Bank Rs 1... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Document Format ( 2 attachments)

6093d654134d6_210961.pdf

180 KBs PDF File

6093d654134d6_210961.docx

120 KBs Word File

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting an introduction to concepts, methods and uses

Authors: Clyde P. Stickney, Roman L. Weil, Katherine Schipper, Jennifer Francis

13th Edition

978-0538776080, 324651147, 538776080, 9780324651140, 978-0324789003

More Books

Students also viewed these Accounting questions

Question

★★★★★

Journal entries for the allowance method. Data related to sales on accounts of Health Company for its first three year of operations, 2006-2008 appear next: Heath Company estimates that 3% of sales...

Answered: 1 week ago

Question

★★★★★

JOURNAL ENTRIES FOR THE FOLLOWING. 1. January 2: Mr. Burns opened up his new company and dissolved the old one. The balances of the accounts (with the exception of fixed assets and uncollectible)...

Answered: 1 week ago

Question

★★★★★

Journal entries for dividend. Prepare journal entries for the following transactions of Watt Corporation. The firm has 20,000 shares of $15 par value common stock outstanding on January 1, 2008. The...

Answered: 1 week ago

Question

★★★★★

Upon oxidation of one molecule of pyruvate by mitochondria, the number of ATP generated are (a) 38 (b) 30 (c) 8 (d) 15

Answered: 1 week ago

Question

★★★★★

An economic historian* reports that econometric studies indicate for the preCivil War period, 18201860, the price elasticity of demand for cotton from the American South was approximately 1. Due to...

Answered: 1 week ago

Question

★★★★★

How are summing junctions shown on a signal-flow graph?

Answered: 1 week ago

Question

★★★★★

When a car passes through a traffic junction, the delay (in minutes) caused by the red light in the traffic lights is a random variable X with distribution function (i) Explain why this is a mixed...

Answered: 1 week ago

Question

★★★★★

From the following transactions as well as additional data, please complete the entire accounting cycle for Mikes Plumbing of Prince Albert. (Use a chart of accounts similar to the one in Problem...

Answered: 1 week ago

Question

★★★★★

Assume the following adjustment data. 1. Supplies on hand at October 31 total $520. 2. Expired insurance for the month is $120. 3. Depreciation for the month is $135. 4. As of October 31 , services...

Answered: 1 week ago

Question

★★★★★

For each of the following scenarios, indicate whether or not independence-related SEC rules are being violated, assuming that the audit entity is a public company. Briefly explain why or why not. a....

Answered: 1 week ago

Question

★★★★★

A group of people were asked about the list of books that they have read in the last two years. For each person, the books they have read are shown in one line of the file books.csv. The books are...

Answered: 1 week ago

Question

★★★★★

VIRTUAL M MICHIGAN V Precalculus B | Unit 13 Project: Conics Challenge Directions: In this end-of-unit project, you will use your knowledge of conics to recreate the following rendering of this...

Answered: 1 week ago

Question

★★★★★

In Total Productive Maintenance (TPM) list three examples of typical tasksthatare transferred to production personnel, and explain how it is possible to transfer these without overburdening tasks to...

Answered: 1 week ago

Question

★★★★★

Kingbird Industries has the following patents on its December 31, 2024, balance sheet. Patent Item Initial Cost Date Acquired Useful Life at Date Acquired Patent A $44,676 3/1/21 17 years Patent B...

Answered: 1 week ago

Question

★★★★★

QuestionIV (17 marks). (4) Determine the steady-state surface temperature of an electric cable, 25 cm in diameter, which is suspended horizontally in still air in which heat is dissipated by the...

Answered: 1 week ago

Question

★★★★★

1. How can you assess if you are engaging in ethical communication? 2. What experiences have you had with cross-cultural communications? Please share at least one experience when this has gone well...

Answered: 1 week ago

Question

★★★★★

Required information [The following information applies to the questions displayed below.] Use the following selected account balances of Delray Manufacturing for the year ended December 31. Prepare...

Answered: 1 week ago

Question

★★★★★

On the basis of the details of the following fixed asset account, indicate the items to be reported on the statement of cashflows: ACCOUNT Land ACCOUNT NO. Balance Date Item Debit Credit Debit Credit...

Answered: 1 week ago

Question

★★★★★

Journal entries to record the issuance of capital stock Prepare journal entries under U.S. GAAP to record the issuance of capital stock in each of the following independent cases. You may omit...

Answered: 1 week ago

Question

★★★★★

Journal entries for employee stock options. Morrissey Corporation grants 50,000 stock options to its managerial employees on December 31, 2008, to purchase 50,000 shares of its $1 par value common...

Answered: 1 week ago

Question

★★★★★

Behavior of deferred income tax account when a firm acquires new assets every year. Equilibrium Company has adopted a program of purchasing a new machine each year. It uses a prescribed method of...

Answered: 1 week ago

Question

★★★★★

9.3 A chemist wants to compare three treatments. The experimental material he plans to use comes from four different manufacturers. He expects systematic differences among the material from the...

Answered: 1 week ago

Question

★★★★★

Show that [see (8. 39)]. av. var () 1 TIZ t-1 Exa

Answered: 1 week ago

Question

★★★★★

9.1 Consider the following data from an experiment testing the effects of 5 levels of application of potash on the Pressley strength index of cotton (John and Que- nouille, 1977) (i) Obtain the ANOVA...

Answered: 1 week ago

Previous Question Next Question