Question: llustration (Premium amount adjusted alongwith application) R.K. Marbles Ltd., issued 5,000, 11% debentures of 100 each at 110 payable as follows: on application on

llustration (Premium amount adjusted alongwith application) R.K. Marbles Ltd., issued 5,000, 11%

llustration (Premium amount adjusted alongwith application) R.K. Marbles Ltd., issued 5,000, 11% debentures of 100 each at 110 payable as follows: on application on allotment 30 (including premium) 40 40 on first call The debentures were fully subscribed and the amounts were duly received. Pass the necessary entries in the journal of the company.

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