Journalise the following transactions in the books of Raja Ltd.,
(1) 200 12% debentures of Rs.100 each issued it a discount of 10% were converted into 10% preference shares of Rs.100 each issued at a premium of 25%. The debentures were converted at the option of the debentures-holders before the date of redemption.
(2) Issued 1000 12% debentures of Rs.100 each at a discount of 10% redeemable at a premium of 5%.
