Prepare ledger accounts to record the following transactions for Sea Snake Ltd.

Exercise 13.15 Prepare ledger accounts to record the following transactions for Sea Snake Ltd. 2020 July 1 A prospectus was issued inviting applications for 99,460 ordinary shares at an issue price of $3.00, with $2.00 payable on application and the balance payable on 10 June 2021. The prospectus also offered 53,800 10% preference shares at $2.00, fully payable on application. The issue was underwritten at a commission of $7,000, allocated equally between the classes of shares. 21 Applications closed with the ordinary share issue oversubscribed by 19,850 and the preference shares undersubscribed by 15,640. 31 All shares were allotted, and application money refunded to unsuccessful applicants for ordinary shares. Aug. 14 The undenNriter paid amounts less commission. Dec. 1 The directors resolved to give each ordinary shareholder, free of charge, one option for every two shares held. The options are exercisable prior to 1 June 2021 and allow each holder to acquire one ordinary share at an exercise price of $2.80. Options not exercised prior to that date lapse. 2021 June 1 The holders of 36,050 options elected to exercise those options and 36,050 shares were issued. 10 The balance payable on the ordinary shares was received from holders of 93,390 ordinary shares. 15 The shares on which call money was not received were forfeited. 25 The forfeited shares were placed with a nancial institution, paid to $3.00 on payment of $2.80. The cash was received from the nancial institution, and any balance in the forfeited shares account returned to the former shareholders. Reissue costs amounted to $597. (Leave blank any answer elds that do not require an answer. Enter your answers in the order given in the problem statement.) 21/07 V Application ord. V 31/07 V Application ord. V 21/07 V Application pref. V 31/07 V Cash V V V V V Application ordinary 31/07 V Cash trust V 21/07 V Cash trust V 31/07 V Share capital ord. V V V V V V V Application preference 31/07 V Share capital pref. V 21/07 V Cash trust V v V 31/07 V Receivable underwriter V Share capital ordinary 14,?08 V Share issue costs V 31,?07 V Application 0rd. V 15,?06 V Forfeited shares Afc V 1f06 V Cash V 30f06 V Balance c/d V 10,?06 V Call ord. V v V 25,?06 V Cash V V V V V v V 1107 V Balance bid V Share capital preference 14;'08 V Share issue costs V 31f07 V Application pref. V 30,?06 V Balance c/d V v v V V V V V V 1107 V Balance bid V \f31/07 V Cash trust V 25/06 V Forfeited shares MC V 14/08 V Receivable underwriter V 15/06 V Forfeited shares N: V 1/06 V Share capital 0rd. V v v 10/06 V Call 0rd. V v v 25/06 V Share capital 0rd. V v v