On July 1, 2008, Dewee Limited issued 30,000 10% debentures of face value ₹100 each at par. After 18 months from the date of issue, each debenture is to be converted into two equity shares of face value ₹10 each at a premium of ₹40 each. On the date of conversion, all the debentures were converted into required number of equity shares. Show necessary journal entries showing issue and conversion of debentures.