Practice question 6: X LLC had issued 4,000,00o equity shares of OMR 1 each. The company has the following balances. General reserves OMR 260,000 Securities premium OMR 100,00 Capital redemption reserve OMR 140,000 Retained earnings OMR 600,000 The company resolved to issue bonus shares at 1 share for every 4 shares held. The company has to use in priority securities premium. General reserve can be used to an extent of RO 100,000 only. Journalize the entries and show its working and effect on items of SOFP