1 :- Kiosk Ltd. issued 40,000; 10% Debentures of Rs 100 each at par for cash payable in full along with the application. Applications were received for 60,000 debentures. Debentures were allotted and excess application money was refunded. Pass Journal entries in the books of the company.
2 :- Parley Ltd. issued 2,000; 9% Debentures of Rs 100 each payable as follows:
Rs 25 on application; Rs 25 on allotment and Rs 50 on first and final call.
Applications were received for all the debentures along with the application money and allotment was made. Call money was also received on the due date. Pass necessary Journal entries in the books of the company.
3 :- Sangam Ltd. issued 2,000; 9% Debentures of Rs 100 each on the following terms:
Rs 20 on application; Rs 20 on allotment; Rs 30 on first call; Rs 30 on second and final call.
Applications were received for 2,400 debentures. Applications for 1,800 debentures were accepted in full. Applications for 400 debentures were allotted 200 debentures and applications for 200 debentures were rejected.
Pass necessary Journal entries.
4 :- Super Seals Ltd. issued 10,000, 8% Debentures of Rs 100 each at par for subscription payable Rs 40 on application, Rs 30 on allotment and balance as first and final call. Debentures issued were applied and allotment was made. First and Final Call is yet to be made.
You are required to pass the necessary Journal entries.