Required: For each situation prepare the appropriate journal entry for the redemption of the debentures. (a) Whitewater Rafting Limited redeemed $130,000 face value, 3% debentures on 30 June 2022 at 102. The carrying amount of the debentures at the redemption date was $130,000. The debentures pay half-yearly interest, and the interest payment due on 30 June 2022 has been made and recorded. How is this journal entry

AdditionalInformation:Interest on debentures is paid on half yearly basis on 30th September and 31st March eachyear.Debentures were redeemed on 30th September,2019. How much amount (relatedtoaboveinformation)willbeshowninFinancing ActivityforCashFlowStatementpreparedon31stMarch, 2020?(a) Outflow₹40,000.(b) Inflow ₹ 42,000.(c) Outflow₹58,000.(d) Outflow₹64,000.

Cost of Redeemable Debenture

Pass necessary journal entries in the books of Z Ltd. for the followingtransactions:(a) Z Ltd. invited applications for issuing 10,000; 9% Debentures of` 100 each at a premium of ` 10 per debenture. The full amountwas payable on application. Applications were received for 15,000debentures. Applications for 3,000 debentures were rejected and theapplication money was refunded. Debentures were allotted to theremaining applicants on a pro-rata basis.(b) The company has a balance of ` 1,60,000 in securities premiumreserve account. Loss on issue of debentures of ` 2,00,000 was writtenoff as per the provisions of the Companies Act 2013.

what is debenture interest in accounts

10% debentures issued to shareholders of a subsidairy company of face value 50 lakhs reedemable after 3 years. market interest is only 6% p.a