ABC Company Ltd was registered with capital of $200,000 divided into ordinary shares of $10 each. The company offered to the public 10,000 shares payable in full on application. All shares have been purchased by the public. During the year the company completed the following transactions: i. Issued further 5,000 shares at $20 each for cash ii. Purchased Motor vehicle for $400,000 and issued 4,000 shares Required: Pass journal entries for MY Company Ltd