Part A Question 1 Accounting for Debentures Solution: Given: Date of disclosure document 1/8/2020 Date of receipt of application money 30/09/2020 Date of issuance of debentures 1/10/2020 Applications invitations 10000 Application received 11000 Applications refunded 1000 Issue price at par $80.00 payable on application 100% annual interest charge 8% Interest