The equity section of the Balance Sheet of Radeon Ltd at the 30 th June 20X4 is as follows: EQUITY Share Capital. $12,000,000 Reserves. 989,600 Retained Profits 1,243,650

TOTAL. $14,233,250 All shares are fully paid to $6.00 per share. On the 30th October 20X4 the company offers a 1:16 rights issue to all shareholders at a discount price of $5.72 per share. All but the holders of 30,000 shares take up the offer. All money is received and the share issue occurs on the 15 th December 20X4. Required Prepare the general journal entry/ies of Radeon Ltd to record the rights issue of shares. Show your workings in the text box below and your general journal entry in the journal template after that. Narrations are not required. 6 marks

The equity section of the Balance Sheet of Corgi Ltd at the 30 th June 20X8 is as follows: EQUITY Share Capital $1,400,000 Reserves 121,760 Retained Profits 98,720

TOTAL. $1,620,480 Share Capital is comprised as follows: 326,000 Ordinary shares all paid to $4.00 8,000 5% Preference shares issued at $12.00 each. On the 3rd April 20X9 the company made a bonus ordinary share issue on a 1:25 basis. The bonus shares are issued at the current paid up amount of the ordinary shares and from Retained Profits.

Prepare the general journal entry/ies of Corgi Ltd to record the bonus share issue. Show your workings in the text box below and your general journal entry in the journal template after that. Narrations are not required. 4 marks