A company has 4,000 7% redeemable preference shares of ₹100 each, fully paid. The company decides to redeem the shares on 31^st December 2004, at a premium of 5% .The company has sufficient profits but in order to augment liquid funds and redeem the shares, it makes the following issues:

(a) 1,000 equity shares of ₹100 each, at a premium of 10% 

(b) 1,000 5% debentures of ₹100 each.

The issue was fully subscribed and all the amounts were received. The redemption was duly carried out. Give journal entries to record the above.