Alpha Ltd. Has 10,000, 8% Debentures of Rs.100 each due for redemption on 31st March 2018. Debenture Redemption Reserve has a balance of Rs.1,90,000 on 31st March, 2017. It was decided to invest the required amount towards Debenture Redemption Investment. Investments were realised at 104% less 0.5% brokerage and debentures were redeemed. Record the necessary entries for the redemption of debentures.
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