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Havana Ltd. Want to extend their business. So, it issued 2000 Debentures of 100$ each at a premium of 10$ per share. Payable as
Havana Ltd. Want to extend their business. So, it issued 2000 Debentures of 100$ each at a premium of 10$ per share. Payable as follows: 60$ on Application (including 10$ premium), 30$ on Allotment and 20$ on First and Final call. 1350 of the debentures were applied for and allotted. All the calls were duly received. Make necessary journal entries in the books of the company
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Managerial Accounting
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
13th Edition
978-0073379616, 73379611, 978-0697789938
