In the balance sheet of High Tech Tools Limited on 31st March 2017, the equity appeared as follows: 

The company decided to issue bonus shares to the existing shareholders in the ratio of 5:1 by capitalizing the securities premium account and a part of the general reserves. For this purpose, it was also decided to increase the authorized share capital to ₹ 150 crore divided into 15 crore equity share of ₹ 10 each. 

1. Pass necessary journal entries for the issuance of bonus shares. 

2. Show the equity after the bonus issue.

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Particulars Share capital Authorized share capital (3 crore equity shares of 10 each) Issued, subscribed and paid up capital (2 crore equity shares of 10 each) Other equity General reserves Securities premium account Profit and loss account (in Crore) 30 20 125 80 42 247