Q1) The equity of Washington Ltd at 1 July 2020 consisted of:

Share capital

500 000 A ordinary shares fully paid $1 500 000

400 000 B ordinary shares issued for $2 and paid to $1.50 600 000

General reserve 930 000

Retained earnings 1 780 200

The following events occurred during the financial year 1 July 2020 to 30 June 2021:

2020 Aug. Oct. Dec.	10 15 20 21		The final dividend of $96 000 was paid. This had been declared on 29 June 2020 from retained earnings. The first and final call was made on the B ordinary shares. All call money was received. The directors allotted a 1-for-10 bonus issue on all A ordinary shares, valued at $3, to be paid out of the general reserve.
2021 March June	1 30		An interim dividend of 9c per fully paid share was paid on all ordinary shares out of retained earnings. The directors declared a final dividend of 11c per fully paid share on all ordinary shares out of retained earnings. Half of the remaining balance in the general reserve was transferred back to retained earnings.

Required

1. Prepare journal entries to record the above transactions and also show the calculation or workings for the journal entries.