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Sulli Bhd. shares capital consist of 50 million number of shares paid up to RM60 million and retained earning RM22 million. Sulli Bhd. made a

Sulli Bhd. shares capital consist of 50 million number of shares paid up to RM60 million and retained earning RM22 million. Sulli Bhd. made a rights issue of 15 million new ordinary shares at an issue price of RM1.60 per share to existing shareholders. Prepare the relevant journal entries and extract statement of financial position for Sulli Bhd. after the right issue.

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