Q.3 Roshan Ltd. gave notice of its intention to redeem its outstanding 4, 00,000, 8% debenture at 105 (nominal value 100) and offered the following options to the holders: a) 11% preference share of 40/- each at * 50 per share. b) 10% debenture at 100 (at par). c) To have their holdings redeemed for cash. Assume redemption out profit only. 1) The holders of 1, 40,000 debenture accepted option (a). 2) The holders of 1, 60,000 debentures accepted option (b). 3) The remaining debenture holders accepted option (c). Pass the necessary journal entries in the books of Roshan Ltd.

What information is provided by this statement?  Describe the steps to create the statement - choose either the direct or indirect method in your response.

show journal entry (for part b) assuming estimate is considered to be accurate. and show a journal entry (from part b) assuming the amount is large enough to intentionally impact decision of users.