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A limited company issues 4000,6% debentures …

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A limited company issues 4000,6% debentures of 100rs each of 10% discount payable as 10 on application 30 on allotment 40 on first call and rest on second call pass journal entry
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Bank alc -Dr 40000 To share application alc 40000 Share application alc -Dr 40000 To share capilal alc 40000 Share allotment alc -Dr80000 Discount alc-dr 40000 To share capital alc 120000 Bank alc -Dr 80000 To share allotment alc 80000 Share first call alc- Dr 160000 To share capital alc 160000 Bank alc -dr. 160000 Share first call Alc Dr 160000 Share second call alc-Dr 80000 To share capital alc. 80000 Bank alc- Dr. 80000 To share second alc. 80000
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