On 30 June 2018, the equity acc

On 30 June 2018, the equity accounts of Parker Ltd consisted of:

Share capital 150,000 ordinary shares, issued at $2.50 each, fully paid	$375,000
General reserve	30,000
Retained earnings	75,000

The following transactions and events occurred during the year ended 30 June 2019:

Shareholder authorised the payment of 9c per share dividend at the annual general meeting on 20 September 2018. The 9c per share dividend for the year ended 30 June 2018 was paid on 27 September 2018.

On 1 October 2018, the directors issued a prospectus offering 80,000 ordinary shares at an issue price of $2.90, payable $2 on application and 90c as a future call. The closing date for application was 31 October 2018. The share issue was underwritten by Super Stockbrokers for a fee of $5,500 payable on 15 November 2018.

By 31 October 2018, applications for 100,000 shares had been received.

On 1 November, Parker Ltd announced the call for remaining payment of 90c, call is payable on 25 November 2018.

On 5 November 2018, the directors allotted the shares on a pro-rata basis, with applicants receiving 80% of their requested shares and the remaining 20% returned to unsuccessful applicants.

On 15 November 2018, the underwriting fee was paid.

On 25 November, call payment received for 80,000 shares.

On 31 December 2018, the directors announced an interim dividend of 3c per share after approval from shareholders in annual general meeting payable in cash on 1 February 2019.

On 1 February 2019, divided declared on 31 December was paid.

To raise funds for expansion, the directors sold a parcel of 200,000 ordinary shares to Party Capital Ltd on 28 April 2019 at an issue price of $2.90 per share through private placement.

Required

Prepare general journal entries, including any closing entries required, to record the above transactions.

ounts of Parker Ltd consisted of: Share capital 150,000 ordinary shares, issued at $2.50 each, fully paid $375,000 General reserve 30,000 Retained earnings 75,000 The following transactions and events occurred during the year ended 30 June 2019: Shareholder authorised the payment of 9c per share dividend at the annual general meeting on 20 September 2018. The 9c per share dividend for the year ended 30 June 2018 was paid on 27 September 2018. On 1 October 2018, the directors issued a prospectus offering 80,000 ordinary shares at an issue price of $2.90, payable $2 on application and 90c as a future call. The closing date for application was 31 October 2018. The share issue was underwritten by Super Stockbrokers for a fee of $5,500 payable on 15 November 2018. By 31 October 2018, applications for 100,000 shares had been received. On 1 November, Parker Ltd announced the call for remaining payment of 90c, call is payable on 25 November 2018. On 5 November 2018, the directors allotted the shares on a pro-rata basis, with applicants receiving 80% of their requested shares and the remaining 20% returned to unsuccessful applicants. On 15 November 2018, the underwriting fee was paid. On 25 November, call payment received for 80,000 shares. On 31 December 2018, the directors announced an interim dividend of 3c per share after approval from shareholders in annual general meeting payable in cash on 1 February 2019. On 1 February 2019, divided declared on 31 December was paid. To raise funds for expansion, the directors sold a parcel of 200,000 ordinary shares to Party Capital Ltd on 28 April 2019 at an issue price of $2.90 per share through private placement. Required Prepare general journal entries, including any closing entries required, to record the above transactions.