Jan Dhan Bank, an All India Financial Institution, had 10,000, 12 % debentures of Rs. 100 each, outstanding as at 31st March, 2017. These debentures were due for redemption on 30th June, 2018. Pass necessary Journal Entries for redemption of debentures. Also, state the amount of Debenture Redemption Reserve to be created for the purpose of redemption.