Question 5 Part A The equity section of Leslie Ltd as at 1 July 2019 is as follows: $4,000,000 60,000 Share capital 2,000,000 ordinary shares, issued at $2 fully paid 8% 20,000 preference shares, issued at $3, fully paid General reserve Revaluation surplus Retained earnings 50,000 8,000 590,000 During the year ending 30 June 2020, the following transactions occurred: (i) Declared interim dividend of 6 cents per share to all ordinary shareholders on August 1, 2019. (ii) Issued 10,000 units of 8% preference shares at $3 to Anita Ltd on August 15, 2019. (iii) Payment of interim dividend to ordinary shareholders was made on February 28, 2020. iv) Declared and paid dividend to preference shareholders, including the newly issued shares on May 31, 2020. (v) Declared final dividend of 2 cents per share to all ordinary shareholders on June 30, 2020. Required: Prepare journal entries for the above transactions. Include narrations and show all workings. (10 marks)