A Debentures of \(£ 30,000\) are issued on 1 January 19 X3. Redemption is to take place, on equal terms, four years later. The company decides to put aside an equal amount to be invested at 5 per cent which will provide \(£ 30,000\) on maturity. Tables show that \(£0.232 012\) invested annually will produce \(£ 1\) in four years' time.

You are required to show:

(a) debenture redemption reserve account;

(b) debenture sinking fund investment account;

(c) debentures account;

(d) profit and loss account extracts.