Star Technology Limited issued 16,000,8.5% debentures of ₹ 100 each at a discount of 10% as on 1-9-2017. All the debentures are redeemable at a premium of 8% after 6 years. The amount was payable as follows :
On application ₹ 60 per debenture, On allotment balance amount per debenture. Pass the necessary journal entries for issue of debentures in the books of company.
