Suvidha Ltd. purchased machinery for ₹ 1,98,000 from Suppliers Ltd. The payment was made by issue of 12% debentures of ₹ 100 each

Suvidha Ltd. purchased machinery for ₹ 1,98,000 from Suppliers Ltd. The payment was made by issue of 12% debentures of ₹ 100 each. Pass necessary journal entries for the purchase of machinery and issue of debentures when

(i) Debentures are issued at par.

(ii) Debentures are issued at 10% discount.

(iii) Debentures are issued at 10% premium.

[Ans. Number of Debentures issued in Case (i) 1,980; Case (ii) 2,200 and Case (iii) 1,800.]