Mahesh Ltd. purchased Plant and Machinery from Ish Ltd. for Rs. 4,50,000. Rs. 50,000 was paid by cheque to Ish Ltd. and the balance by issuing 6% debentures of Rs. 100 each at a discount of 20%. 

Pass the necessary Journal Entries for the above transactions in the books of Mahesh Ltd.

Marks-3, CBSE: 2023-24/Zone-4/Set-1/Q-18*