Betel Nut Tree Ltd. issued 6,000; 10% Debentures of ₹ 50 each at a premium of ₹ 15 payable as follows:

Betel Nut Tree Ltd. issued 6,000; 10% Debentures of ₹ 50 each at a premium of ₹ 15 payable as follows:

(i) ₹ 15, including premium of ₹ 5 on application:

(ii) ₹ 20, including premium of ₹ 10 on allotment; and

(iii) Balance as first and final call.

Applications were received for 6,000 debentures and allotement was made. Calls were made and amounts due were received.

Pass the Journal entries for the above.