Rollside plc was incorporated on 15 March 2012 and issued \(5,000,000\) ordinary shares of 50 p at par to raise capital to commence trading on 1 April 2012.

During the year to 31 March 2013 the following occurred:
(i) In order to fund the construction of a new factory, 600,000 ordinary shares of \(50 \mathrm{p}\) were each issued for \(£ 3.20\) cash in August 2012 .
(ii) At a special general meeting the authorized share capital was increased by 800,000 shares.
\section*{Required}

(a) Prepare journal entries to record the initial issue of shares and the subsequent issue in August 2012.

(b) Prepare the disclosure note for share capital for inclusion in the 31 March 2013 financial statements, including comparatives.

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Authorized 5,000,000 ordinary shares at 50p each 2,500,000 Issued and fully paid 500,000,000 ordinary shares of 50p each 2,050,000