2003 Bank Account Dr. 200,000 Jan 01 To 8% Debenture Application 200,000 (Debenture application money received) 2003 8% Debenture Application account Dr. 200,000 Jan 01 To 8% Debenture account 200,000 (Debenture allotted to applicants) 2003 Interest on Debentures account 8,000 Dr. Jun 30 8,000 To bank (Interest paid for the 1st half year) 2003 Interest on Debentures account Dr. 8,000 Dec 31 To bank 8,000 (Interest paid for the 2nd half year) 2003 Profit and Loss Account Dr. 16,000 Dec.31 Interest on Debenture 16,000 (Interest for the year charged to P&L) 2003 Profit and Loss Appropriation Dr. 50,000 Dec 31 To 8% Debenture Redemption 50,000 Reserve (Debenture Redemption Reserve created) 2004 Interest on Debentures account 8,000 Dr. Jun 30 8,000 To bank (Interest paid for the 1st half year) 2004 Interest on Debentures account Dr. 8,000 Dec 31 To bank 8,000 (Interest paid for the 2nd half year) 2004 Profit and Loss Account Dr. 16,000 Dec.31 Interest on Debenture 16,000
2003 Jan 01 Bank Account Dr. To 8% Debenture Application (Debenture application money received) 200,000 200,000 2003 Jan 01 8% Debenture Application account Dr. To 8% Debenture account (Debenture allotted to applicants) 200,000 200,000 2003 Jun 30 Interest on Debentures account Dr. To bank (Interest paid for the 1st half year) 8,000 8,000 2003 Dec 31 Interest on Debentures account Dr. To bank (Interest paid for the 2nd half year) 8,000 8,000 2003 Dec.31 Profit and Loss Account Dr. Interest on Debenture (Interest for the year charged to P&L) 16,000 16,000 2003 Dec 31 Profit and Loss Appropriation Dr. To 8% Debenture Redemption Reserve (Debenture Redemption Reserve created) 50,000 50,000 2004 Jun 30 Interest on Debentures account Dr. To bank (Interest paid for the 1st half year) 8,000 8,000 2004 Dec 31 Interest on Debentures account Dr. To bank (Interest paid for the 2nd half year) 8,000 8,000 2004 Dec.31 Profit and Loss Account Dr. Interest on Debenture 16,000 16,000
217622_47073_company_account.docx