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The equity section of the Balance Sheet of DenPra Ltd at the 30th June 20X2 is as follows: EQUITY Share Capital Reserves Retained Profits TOTAL

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The equity section of the Balance Sheet of DenPra Ltd at the 30th June 20X2 is as follows: EQUITY Share Capital Reserves Retained Profits TOTAL $10,000,000 356,760 3,243,578 $13,600,338 The Share Capital is represented by 2,000,000 shares which are fully paid. On the 30th September 20x2 the company offers a one-for-one rights issue to all shareholders at a discount price of $4.90 per share. All but 150,000 shareholders take up the offer. All money is received and the share issue occurs on the 30th November 20X2 Required Complete the general journal entry/s of DenPrac Ltd to record the rights issue of shares. 3 marks Narration not required. DATE DR CR

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