Answer 1

Journal
Date	Particulars	L.F.	Dr. Rs	Cr. Rs
	Bank A/c                    Dr.       To Debenture Application A/c (Being 30,000 debentures issued of Rs 100 at a premium of 5%)		28,50,000	28,50,000
	Debenture Application A/c         Dr. Loss on Issue of Debentures A/c         Dr.      To 12% Debenture A/c (Being 30,000 debentures issued at a premium of 5% and redeemable at a premium of 5%)		28,50,000 1,50,000	30,00,000