Q6. On December 31, 2014, ABC Ltd. issues 5,000 debentures to raise capital for financing its project. The features of the instrument are as follows: Coupon Rate (annual) 11% Market Interest Interest Payment Rate (annual) No. Debentures of Par (Face) Value Maturity of each bond (years) 8.5% Issued 5,000 (Rs.) 100 2 Frequency Semiannual On account of this bond issue there will be corresponding Journal Entries (JE) that you have to identify and prepare on the dates sequentially that are given below. Assume that the company prepares financial statements on every month-end. You must also show the calculations done for arriving at the final answers separately. Prepare the journal entries on the following dates and list them in the General Journal in the format given below - 31 Dec 2014; 30 Apr 2015; 31 May 2015; and 30 Jun 2015 [16 Marks] Format of Journal Entries Journal Entries Date Debit account Credit account Debit amount Credit amount