On 31st March 2016, Varun Ltd’s Balance Sheet showed 10,000 12% Debentures of ₹100 each outstanding. Interest on Debentures is payable on 30th September and 31st March every year. On 1st August, 2016 the company purchased 500 of its own debentures as investment at ₹97 ex-interest. Pass Journal Entries for purchase and disposal of own debentures in each one of the following cases:

(i) The company cancels all its own debentures on 1st March, 2017.
(ii) The company resells all its own debentures at ₹105 cum-interest on 1st March, 2017. Also show Journal Entries relating to Debenture Interest and Interest on Own Debentures as on 31st March, 2017 in case (i) mentioned above.