Part $A{?}_{(})$

Moodle Corporation, which incorporated and started operations on January $1,2023.$ Capital structure of the company is as follows:

Authorized Capital:

$20,000$ Ordinary shares with par value of $$3$ per share.

$6,000$ shares $7\%$ non$-$cumulative Preference shares with par value of $$50$ per share.

The following are the equity$-$related transactions of the year.

Jan. $1$ Issued $9,000$ shares of ordinary shares for cash at $$48$ per share.

Mar. $1$ Issued $1,500$ shares of preference shares at $$52$ per share for cash.

Jun. $1$ Purchased $400$ treasury shares of ordinary shares. Moodle Corporation paid the shareholders $$54$ per share.

Aug. $1$ Re$-$Issued $40$ shares of the ordinary shares, which was purchased back on Jun. $1,$ at $$58.$

Dec. $31$ The board of directors declared dividends to shareholders as follows:

a$.$ Cash dividend to preference shareholders.

b$.$ One$-$for$-$ten share dividend to the ordinary shareholders.

c$.$ Date of record for the dividends is December $31,2023,$ and payment and distribution are made on January $31,2024.$

Additional information:

Moodle Corporation earned a net income $($net profit$)$ of $$130,000$ for the current year.

As at December $31,2023,$ market price of the ordinary shares was $$55$ per share.

Required:

Record journal entries for the transactions of the year $2023.$ No explanation of each transaction is required.

$(14$ marks$)$