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Make general journal template as per example

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Reference no: EM132723718

On 1 August 2020, Candy Ltd issued a disclosure document inviting applications for 10,000 of $80 debentures at par, payable in full on application. The debentures carry an 8% annual interest charge and will be redeemed at nominal value in 5 years. The interest payment is made semi-annually on 31 December and 30 June each year. By 30 September 2020, Candy Ltd received application money for 11,000 debentures. On 1 October 2020, Courtney Ltd issued 10,000 debentures and refunded monies to 1,000 unsuccessful applicants.

Required:

Problem 1: Prepare general journal template as per example based on the information above, for Candy Ltd for the year ended 30 June 2021. Include a narration.

Reference no: EM132723718

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