CD Ltd. invited applications for issuing $\displaystyle 2,000$, $\displaystyle 12$% debentures of $\displaystyle 100$ ? each at a premium of $\displaystyle 3$ $\displaystyle 10$ per debenture. The amount was payable as follows : On Application - $\displaystyle 5$ $\displaystyle 50$ per debenture On Allotment - $\displaystyle 3$ $\displaystyle 60$ per debenture (including premium) The debentures were fully subscribed, and all money was duly received. Pass necessary journal entries for the above transactions in the books of CD Ltd.

Books of CD Ltd. JOURNAL Date Particulars L.F. Dr. Cr. (`) (`) Amount Amount Bank A/c Dr. $\displaystyle 1,00,000$ To Debenture Application A/c $\displaystyle 1,00,000$ (Application amount received on $\displaystyle 2,000$ debentures) Debenture Application A/c Dr. $\displaystyle 1,00,000$ To $\displaystyle 12$% Debentures A/c $\displaystyle 1,00,000$ (Application amount transferred to debentures a/c) Debenture Allotment A/c Dr. $\displaystyle 1,20,000$ To $\displaystyle 12$% Debentures A/c $\displaystyle 1,00,000$ To Securities Premium A/c $\displaystyle 20,000$ (Allotment amount due on $\displaystyle 2,000$ debentures including premium) Bank A/c Dr. $\displaystyle 1,20,000$ To Debenture Allotment A/c $\displaystyle 1,20,000$ (Allotment amount received)