On 1st April, 2022, Golden Trading Ltd., an unlisted (Non-NBFC or HFC company), had outstanding 1,000; 12% Debentures of ₹ 100 each

On 1st April, 2022, Golden Trading Ltd., an unlisted (Non-NBFC or HFC company), had outstanding 1,000; 12% Debentures of ₹ 100 each. Interest on debentures is payable half yearly on 30th September and on 31st March. On 1st July, 2022, it purchased 300 own debentures at ₹ 93 each for cancellation.

Pass Journal entries for the purchase and cancellation of debentures assuming that the company has adequate balance in DRR and has also made investment is specified securities.