i6 Feb. 1 To Bank 2,00,000 1.833 194,167 Int. Alc 1.32 0001 June 1 To Bank 2,00,000 9,167198,000 Dec by Debenture 31 Dec 31 To Capital Res. Int. Al 1.32.0001 (profit on By 11% Deb 24,00.000 cancellation) 1.57 839 Account 24.00,000 cancellation . To. Deb Redemo 253,000 Reserve 24,00.000 2.64.000 24.00.000 24,00,000 2.64,000 24.00,000 Working Note: 13.5% Debentures in XX Ltd. Interest Amount Interest Amount 2012 3 2012 3 Jan, 1 To Balance b/d June 30 By Bank 1,35.000 (20,00,000) 19,50,000 Dec. 31 By Bank 1,35,000 Dec 31 To Debenture By Bank 19,00,000 Redemp 2,70,000 By Debenture Reserve Redemp Reserve (Loss on 50,000 sale) 2.70,000 19,50,000 2,70,000 19,50,000 Illustration 6 (1) Swati Associates Ltd. has issued 10,000 12% Debentures of 100 each on 1-1-2010. These debentures are redeemable after 3 years at a premium of 75 per debenture. Interest is payable annually. (ii) On October 1, 2011, it buys 1,500 debentures from the market at 98 per debenture. These are sold away on June 30, 2012 at 105 per debenture. (i) On January 1, 2012 it buys 1,000 debentures at 104 per debenture from the open market. These are cancelled on April 1, 2012 (iv) On October 1, 2012 it buys 2,000 debentures at 106 per debenture from the open market. These debentures along with other debentures are redeemed on 31st December, 2012 Prepare the relevant Ledger Accounts showing the above transactions. Workings should form part of your