On 1 January 2019, Morning Star Ltd issued via a private placement semi-armual coupon debentures (which pay interest every 5 months) with a nominal 1value of $3 O. The debenture term is ve years and the coupon rate is 8% per year. The market requires a rate of return of 113% per year. The money came in and the debentures were allotted on the same date. The company issued via a private placement 1 million redeemable preference shares of $1.50 each on 3D June 20'19. The shares offer a rate of return of T per cent per annum. The shares are later redeemed to non-voting Ordinary Class B shares at the options of the shareholders on 30 June 202.1. Required: {a} Prepare journal entries for the above transactions. Note: the entries should he in strict