The equity section of the Balance Sheet of DenPrac Ltd at the 30^thJune 20X2 is as follows:

EQUITY

Share Capital $10,000,000

Reserves 356,760

Retained Profits 3,243,578

TOTAL $13,600,338

The Share Capital is represented by 2,000,000 shares which are fully paid.

On the 30^thSeptember 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 30^thNovember 20X2

Required

Complete the general journal entry/s of DenPrac Ltd to record the rights issue of shares.