PLEASE ANSWER

Question 1 What are share splits and what accounting entries are necessary when a share split is undertaken? Question 2 What forms of preferential treatment can the holders of preference shares receive over and above the rights of holders of ordinary shares? Question 3 On 1 July 2019, ABC Ltd issued 5 million shares at $5.00 each. All the shares were subscribed for. ABC Ltd incurred the following costs that were associated with the share issue: Advertising of share issue and prospectus 10 000 4000 Accounting fees associated with drafting of prospectus Legal expenses associated with share issue 5000 REQUIRED Prepare the journal entries necessary to account for the issue of the shares