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von below YYY Ltd. issued 3,500, 10% Debentures of AED 100 each, a premium of 10% payable as AED 20 on application, AED 50 on

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von below YYY Ltd. issued 3,500, 10% Debentures of AED 100 each, a premium of 10% payable as AED 20 on application, AED 50 on allotment (including the premium) and the balance on first & final call. The public applied for 4,500 debentures. Applications for 3,250 debentures were accepted in full, applicants for 500 were allotted 250 debentures, and remaining applications were rejected. All money was duly received Journalize these transactions. Options

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