Answer:
JOURNAL
Date Particulars LF Amt (Dr) Amt (Cr) Bank A/c \[(2,20,000\times 13)\] Dr 28,60,000 To Debenture application and Allotment A/c 28,60,000 (Being application money received) Debenture Application and Allotment A/c Dr 28,60,000 To Debentures A/c \[(2,00,000\times 10)\] 20,00,000 To Securities Premium Reserve A/c \[(2,00,000\times 3)\] 6,00,000 To Bank A/c \[(20,000\times 13)\] 2,60,000 (Being application and allotment money transferred to Debenture account and securities premium reserve and excess refunded)
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