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3. AB&D ltd redeemed 5,000 15% debentures of $10 each at a premium of 10% on 31st march 2018. Debenture holders were given equity shares

3. AB&D ltd redeemed 5,000 15% debentures of $10 each at a premium of 10% on 31st march 2018. Debenture holders were given equity shares of $10 each at premium of $10 per share. Pass the journal entries for such redemption. (10 point)

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