a. On 1 January 2018, Hyrule Investing Limited issued a 20-year debenture of $1400000 at a price of 110, stated interest rate of 8%, payable half-yearly, in order to acquire an expensive machinery for their Australian-based factory from overseas. The half-yearly interest dates are 1 January and 30 June. The market interest rate is 7%.

b. The company placed an order for the machinery for $1160000 on 2 January. The company took delivery and paid for the machine on 1 February.

c. On the 1^st of February, in relation to the machinery purchased, the company also paid $24000 for delivery, $120000 for insurance in transit, and $96000 for import duties.

d. The company soon found that the machine was not very useful and sold it for $1440000 cash on 30 May 2018. The machine has an expected useful life of 20 years. It was partly made of precious metal, its residual value was estimated to be $228045.

Other information:

1. The company's financial year ends on 30 June.

2. The company amortises the company liabilities using the effective interest rate method.

3. Hyrule Investing Limited depreciates machinery using the reducing balance method at a rate of 15%.

Required: Journalise the above transactions up to 30 June 2018 (including the relevant adjusting entries).