The summarized statement of financial position for Turner plc at 31 May 20X0 was as follows:

• On 1 June 20X0, 200,000 shares were offered to the public at 60p, 20p payable on application, 20p on allotment and 20p on call at 31 December 20X0.
• Applications were received for 300,000 shares. Those relating to 50,000 shares were returned, the balance of the excess application money being retained to reduce amounts due on allotment. All shares allotted were taken up, but call money on 10,000 shares remained unpaid at 31 January 20X1. These shares were forfeited and reissued as fully paid at 40p per share on 1 February 20X1.
• On 29 February 20X1, Turner plc made a one-for-four bonus issue.
You are required to show the ledger accounts to record the above transactions, minimizing any reduction in revenue reserves.

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Authorized capital Issued share capital 800,000 shares of 50p each fully paid Revenue reserves Total equity £ 1,000,000 400,000 350,000 750,000