Hoodoo Ltd has a financial year that ends on 30 June. The company had the following selected General Ledger balances on 1 July 2016 Machinery 210 000 Accumulated Depreciation - Machinery 108 000 400 000 332 000 24 000 Share Capital (400 000 shares) Retained Earnings Final Dividend Payable The bookkeeper has completed most of the accounting for the year but was unsure of how to record the following selected transactions that took place during the financial year: 2016 15 July Paid the final dividend that had been declared and accrued in June, 2016 e company issued a prospectus inviting the general public to subscribe for 300 000 shares at an issue price of $1.50 per share. Applicants must pay the full amount when they send in their application forms. Members of the public apply for 450 000 shares and send in the correct amount of money 22 Sept 10 Oct Shares are issued and the unsuccessful applicants are refunded their Traded in ALL the existing machinery for new machinery. The existing machinery was being depreciated using straight line method over a useful life of 8 years. It had a residual value of $30 000 1 Nov new machinery cost $370 000 and the company was given a trade-in on the old machinery of $100 000 and had to pay the balance in cash. The new machinery has a residual value of $40 000. It is to be depreciated using reducing balance method at 15% 18 Dec Directors declared, and then paid, an interim dividend of 5 cents per share 2017 It was decided to transfer $80 000 from Retained Earmings into a Plant and Equipment 23 Jan Replacement e directors authorised a bonus share issue to existing shareholders (including those from the recent share issue. Shareholders are to receive one bonus share (valued at $1.50 each) for every ten shares already held. Retained earmings are to be used for the 18 May