At 30 June, 2020, Mountainview Limiteds equity was as follows:

Issued capital:

200,000 ordinary shares issued at $2.00, fully paid $ 400,000

80,000 6% preference shares issued at $1, fully paid $ 80,000

$ 480,000

Retained earnings $ 185,000

General reserve $ 140,000

Total equity $ 805,000

The following events occurred after 30 June, 2020:

1 July 2020 50,000 ordinary shares were privately placed with Q&M Insurance Limited. The shares were paid for in full at a price of $2 each.

24 July 2020 Final dividends out of retained earnings, as recommended in June, were paid in cash. This included the 6% preference dividend for the year ended 30 June and a final ordinary dividend of 8c per share.

1 Aug 2020 A document was issued inviting subscriptions for 160,000 ordinary shares at an issue price of $2.20, payable in full on application.

15 Sept 2020 Applications closed, with applications having been received for 180,000 shares.

18 Sept 2020 Directors allotted 160,000 shares with: - applications for 20,000 shares rejected and the application money refunded.

30 Sept 2020 Share issue costs amounted to $4,600 and were paid on this date.

Required:

Provide general journal entries for the above transactions from 1 July to 30 September