A prospectus was issued by Birch Ltd on 1 November 2016, inviting applications for 5000 9% $200 debentures, payable $150 on application and $50 on allotment. The terms of the prospectus were such as to give the company the option to redeem the debentures at 1 months notice, providing a 12% premium was paid. If the company chose not to exercise this option for a period of 5 years, then the company could redeem them at nominal value. The market interest rate for debentures of similar risk was 9%.

Applications for 5300 debentures were received by 24 November. The debentures were allotted on 30 November, with excess application money being refunded to the unsuccessful applicants. All allotment money was received on 31 December. Interest was payable half-yearly on 30 June and 31 December.

On 1 November 2018, the company purchased 800 of the debentures on the open market for $180 each. Brokerage and stamp duty amounted to $210.

On 1 September 2019, the company gave notice to the holders of 3000 debentures of redemption on 31 October 2019. These were subsequently redeemed on 31 October, and appropriate interest was paid.

The balance of debentures was redeemed in due course on 30 November 2021.

Required

Provide general journal entries for the above transactions. Include entries for half-yearly interest payments. Assume the end of the reporting period is 30 June.