X Limited had 4,800, 12% Convertible Debentures of ₹100 each. On 1.4.2016 the company accounting to the power of articles, made a notice for getting one of the following options to the debentureholders :
(i) 10% Cumulative Preference Shares at a premium of 10% of ₹100 each;

(ii) New 12% Debentures at ~ 10 each at a discount of 10%;

(iii) cash at par value. Debentureholders holding 2,200 debentures took the first option, 1,800 debentureholders the second option and the balance third option. Show Journal Entries to record the above transactions.