X Ltd. issued on 1 January 2008, 40,000 5% debentures of Rs.100 each redeemable at the option of the company after 3 years at Rs.105 per debenture upon giving 3 months notice to the holders.

The company purchased the following debentures in the open market:

1 April 2009 Rs.8,000 debentures at Rs.8,050 cuminterest

1 November 2009 Rs.14,000 debentures at Rs.13,830 ex-interest

These debentures were retained as investment till 31 December 2010 on which date they were cancelled. Give journal entries to record the above transactions, assuming that the interest is payable half-yearly on 30 June and 31 December every year. Ignore taxation.