Additional Information :

1.An entity issues 1000 convertible bonds at the beginning of year 2021. The bonds have a three-year term and are issued at par with a face value of RM1,500 per bond, giving total proceeds of RM1,500,000. The coupon of 7% is payable annually in arrears. Each bond is convertible at any time up to maturity into 100 ordinary shares with nominal value of RM100 each. When the bond were issued, the prevailing market interest rate for a similar debt without conversion option was 10%.

2.At the end of the year, the company declared the following dividend: - 6% cumulative preference shares - 5% final dividend for ordinary shares

a) journal entries for the additional information (show all workings)

QUESTION 1 Golden Phoenix Bhd is a manufacturing company engaged in food and beverages industries. The company was listed in Bursa Malaysia since 2010 with 10,000,000 units of ordinary shares, 1,000,000 units of 5% cumulative preference shares and 1,000,000 units of 6% convertible debentures as at 31 December 2021 . The trial balance of the company based on the unadjusted balances is shown below