On 1stApril, 2016, Ganesh Ltd. acquiredassets of Rs.6,00,000 and took over liabilities of Rs.70,000 of Sohan Ltd. at an agreed value of Rs.6,60,000. Ganesh Ltd. issued 12% Debentures of Rs.100 each at a premium of 10% in fullsatisfaction of purchase consideration. The debentures were redeemable after three years at a premium of 5%. The company decided to transfer the minimum required amount to Debenture Redemption Reserve on 31stMarch,2018. It also made the required investment in Government securities earning interest @10% p.a. on 1stApril,2018. Tax was deducted on interest earned @10%.

Ignoringentries relating to writing offloss on issue of debentures and interest paid on debentures,pass the necessary journal entries to record the issue and redemption of debentures.