On 1-4-2013 JN Ltd had 10,000, 9% Debentures of 100 each outstanding.
(i) On 1-4-2014 the company purchased in the open market 2000 of its own debentures for 101 each and cancelled the same immediately.
(ii) On 1-4-2015 the company redeemed at par debentures of 4,00,000 by draw of a lot.
(iii) On 28-2-2016 the remaining debentures were purchased for immediate cancellation for 3,97,000.
Pass necessary journal entries for the above transactions in the books of the company ignoring debentures redemption reserve and interest on debentures.