The equity of Subang Ltd at 30 June 2020 was as follows: 600,000 ordinary A shares, issued at $1.50, fully paid 500,000 ordinary 'B' shares, issued at $2, called to $1.20 General reserve Retained earnings $ 900,000 600,000 80,000 450,000 The following events occurred during the year ended 30 June 2021: 2020 July 15 The final call, due 31 August, was made on the partly paid 'B' shares. Aug. 31 All call money was received, except for that due on 15,000 B shares. Sept 10 In accordance with the constitution, the shares on which the call was unpaid were forfeited. The company is entitled to keep any balance from forfeiture of shares. Oct. 1 The company offered ordinary A shareholders one option (at a price of 65 cents per option) for every 10 shares held. Each option entitled the holder to buy 1 ordinary A share at a price of $1.40 per share, exercisable on or before 15 April 2021. Oct. 31 60,000 options were taken up by shareholders, for which all money due was received 2021 Feb. 3 A prospectus was issued, inviting applications for 110,000 ordinary 'C' shares at an issue price of $2, payable in full on application. The purpose of the issue was to raise funds for expansion. The issue was underwritten at a commission of $6,500. Feb. 28 The issue of ordinary C shares were closed and fully subscribed, with all money due having been received. Mar. 5 The 110,000 C shares were allotted, and the underwriting commission was paid. Apr. 15 54,000 A shares were issued as a result of 54,000 options having been exercised, for which money had been received. The unexercised options lapsed Required: Prepare general journal entries, including any closing entries required, to record the following transactions that occurred during the year ended 30 June 2021