Question 3 : Syarikat Sinaran Bhd has an issued share capital of 16,000,000 ordinary shares of RM1.00 each. The directors decided to make a right issue of one share for every four shares held by the existing shareholders at RM1.60. Market price of the shares were stated at RM1.80 each. All shares has been accepted and fully paid by the shareholders. Required: Prepare the necessary journal and ledger entries to record the right issue