ILLUSTRATION 26. The following figures have been extracted from the books of ABC Ltd. 31-3-2008 Authorised Capital 50,00,000 Equity Shares of$. 10 each Issued and Subscribed Capital 45,00,000 Equity Shares of $. 10 each, fully paid up. Reserve and Surplus General Reseve Profit and Loss Account Capital Reserves Securities Premium 14% Partly Convertible Debentures of $. 100 each The company decided to capitalise by way of bonus issue at the rate of one aharefor every 4 shares held Capital reserves including$20,00,000 Profit on sale of fixed assets. It may be assumed that Securities Premium has been realised in cash 40% of 40% Debentures are convertible into equity share of $10 each fully paid on 30th September, 2008. Show the necessary Journal entries in the books of the company and prepare the extract of the Balance sheet immediately after the bonus issue but before conversion of Debentures $ 5,00,00,0 4,50,00,0 50,00,000 1,10,00,0 30,00,000 15,00,000 1,25,00,0