A The following information relates to White Rabbit Trading plc:

Summarised Statement of Financial Position as at 31 January 2013

\begin{tabular}{|c|c|}

\hline & $£ 000$ \\

\hline Non-current assets & 2,400 \\

\hline Investments & 120 \\

\hline Current assets & $\frac{1,880}{4,400}$ \\

\hline $8 \%$ Loan notes (2013/2016) & $(400)$ \\

\hline Equity & 4,000 \\

\hline Capital and reserves & \\

\hline Ordinary shares of 50 p each fully paid & 2,000 \\

\hline Redeemable shares of $£ 1$ each ( $2013 / 2017$ ) & 500 \\

\hline Share premium & 200 \\

\hline Revaluation surplus & 400 \\

\hline Retained profits & 900 \\

\hline & $\underline{4,000}$ \\

\hline

\end{tabular}

On 1 February 2013 the company closed the list of applications for 400,000 ordinary shares at a premium of 50 p. The shares were to be paid for as follows: 60 p on application, 25 p on allotment and 15p on the first and final call, which was to be made on 1 May 2013. A total of $£ 1,320,000$ was received, the shares were allotted and $£ 1,032,000$ was returned to unsuccessful applicants. The call money was received by 31 May from all shareholders, with the exception of two shareholders, one of whom had been allotted 500 shares. The other subscriber for 100 shares still owed $£ 25$ for allotment in addition to the call money. Eventually both lots of shares were forfeited and reissued to an existing shareholder for a payment of $£ 500$ which was duly received.

At a board meeting on 15 February 2013 the directors decided to make a fresh issue of 500,000 $£ 1$ redeemable shares at a premium of 60 p, and to redeem all of the existing redeemable shares at a premium of 40 p. The shares had originally been issued for $£ 1.20$ each. All monies due on application were duly received by 31 March 2013, and the redemption took place on 6 April 2013.

In January 2011 White Rabbit Trading pic had purchased, for cash, 80,00025 p ordinary shares in March Hares Ltd for $£ 25,000$, and this is included in investments on the statement of financial position at 31 January 2013. On 1 April 2013 the company purchased 400,000 out of a total issue of 500,000 25p ordinary shares in March Hares Ltd, by exchanging 200,000 of its own ordinary shares.

The $8 \%$ loan notes were redeemed on 15 May 2013 at a $10 \%$ premium, and on the same date $£ 500,0007 \%$ loan notes (2016/2019) were issued at a discount of $5 \%$.

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Show the full journal entries to record the above events, including cash/bank transactions, in the books of White Rabbit Trading plc.

(Association of Chartered Certified Accountants)