please answer

Question 4 Cool Breeze Ltd required additional equity funding and decided to issue a renounceable rights offer. To reduce risks associated with the rights issue, Cool Breeze appointed an underwriter. Cool Breeze sent out details of the rights issue to existing shareholders on 1 July 2019 and offered existing shareholders the right to acquire an additional share in Cool Breeze for $3.00 per share. The shares were to be fully paid on application and all applications had to be received by 10 September 2019. The total shares on offer through the rights issue were 15 million. By 10 September 2019 applications had been received for 13 million shares, meaning that the underwriter was responsible for acquiring the remaining 2 million shares. The shares were issued on 17 September 2019 with this also being the date on which amounts due from the underwriter were received. REQUIRED Provide the journal entries to account for the Cool Breeze Ltd rights issue. Question 5 Summer Ltd issues a prospectus inviting the public to subscribe for 10 million ordinary shares of $2.00 each. The terms of the issue are that $1.00 is to be paid on application and the remaining $1.00 within one month of allotment. Applications are received for 12 million shares during July 2019. The directors allot 10 million shares on 5 August 2019. All applicant rata basis. The amounts payable on allotment are due by 5 September 2019. By 5 September 2019 the holders of 2 million shares have failed to pay the amounts due on allotment. The directors forfeit the shares on 10 September 2019. The shares are resold on 15 September 2019 as fully paid. An amount of $1.80 per share is received. REQUIRED Provide the journal entries necessary to account for the above transactions and events