QUESTION FOUR

$[10]$

Bling Ltd was registered on $1$ March $2023$ with the following authorised share capital:

$900000$ Ordinary shares $($Class A$)$

$4000009\%$ preference shares of R$5$ each $($Class B$)$

The following transactions took place for the financial year ended $28$ February $2024$:

$\backslash$table$[[\left[\begin{array}{c}2023\\ 3\text{M}\text{a}\text{r}\text{c}\text{h}\end{array}\right],$The company offered $100000$ ordinary shares at R$2,00$ each and $200009\%$ preference shares to the subscribers to the memorandum $($founders of the company$).$ The founders took up the offer in full and paid for the shares immediately.$],[11$ March,The company offered $200000$ ordinary shares at R$2,00$ each to the public. The closing date for applications was $10$ May $2023.],[10$ May,Applications for $210000$ shares were received from the public with application monies and the regulatory application documents.$],[1$ June,Shares were allotted to successful applicants.$],[8$ June,Unsuccessful applicants were repaid.$],[2024$

$21$ January $,$Directors presented a proposal to declare a dividend of $10$ cents per share payable on $28$ February $2024.$ Shareholders approved the proposal at the annual general meeting on $21$ January $2024.],[28$ February,The dividends were paid as approved.$]]$

Required:

Record the above transactions in the general journal of Bling Ltd for the financial year ended $28$ February $2024.$

NB: Record the date and a brief narration for each journal entry.