Coated Ltd. (Coated) is a manufacturer and supplier of paints throughout South Africa. The entity has a 31 May- financial yearend.

The following is an extract of the Statement of Financial Position for the 2021-financial year:

Coated Ltd. Statement of Financial Position as at 31 May 2021 2021 (R000) 2020 (R000) EQUITY AND LIABILITIES Ordinary shares ? 14 700 13.1% Preference shares 7 390 6 800 Retained earnings ? 50 020 Loan: Alfa bank 2 200 3 003 Total equity and liabilities ? 74 523

Additional information All of the transactions below that occurred during the year, have been correctly accounted for and is included the Statement of Financial Position extract above: 1. Coated Ltd has an authorized share capital of 8 000 000 ordinary shares and 3 500 000 13.1% Preference shares. At 1 June 2020, there were 1 470 000 ordinary shares in issue. The preference shares in issue have a face value of R10 per share. 2. Ordinary shares have voting rights, but are not entitled to a fixed dividend. The preference shares are entitled to their fixed dividend on a cumulative basis but have no voting right.

3. On 20 August 2020, Coated offered 960 000 ordinary shares to the public. The share issue was underwritten by FHI Ltd. for a commission of 5.6% of the value of the share issue. On 1 October 2020, the closing date, applications were re-ceived for 92% of the ordinary shares. Excluding the underwriters commission,costs related to the share issue amounted to 76 cents per share. The total fi-nances which Coated received from the share issue, before deducting any costs related to the share issue, was R6 720 000. 4. On 23 March 2021, a new issue of preference shares was offered to the public at face value. On 30 April 2021, the closing date for applications, the offered had been oversubscribed by 12%. The share issue was allotted on 30 April 2021.

5. A dividend of 78 cents per share were declared to the ordinary shareholders on 3 May 2021 and paid to them on 2 June 2021. 6. The Alfa bank loan has an interest rate of 11.8% compounded annually, at-tached to it. 7. The total comprehensive income after tax which appeared on the Statement of Comprehensive Income (before dividend tax) for the 2021-financial year, was R2 341 900. 8. The South African Income Tax rate for companies is 28% while the dividend tax rate in South Africa is 20%.

Prepare only the general journal entries which relates to the shares issued during the 2021-financial year for Coated Ltd i.e. for point number 3 and 4. Ignore dates and narrations.