Q$.3$ Roshan Ltd$.$ gave notice of its intention to redeem its outstanding $4,00,000,8\%$ debenture at $105($nominal value $100)$ and offered the following options to the holders:

a$)11\%$ preference share of $\frac{40}{?}-$ each at $50$ per share.

b$)10\%$ debenture at $100($at par$).$

c$)$ To have their holdings redeemed for cash. Assume redemption out profit only.

The holders of $1,40,000$ debenture accepted option $($a$).$

The holders of $1,60,000$ debentures accepted option $($b$).$

The remaining debenture holders accepted option $($c$).$ Pass the necessary journal entries in the books of Roshan Ltd$.$