The following information relating to DiMeo Investments Ltd has been obtained from the statement of financial position as at 30 June 2020.

1 000000 ordinary shares issued at $2.20	$2 200000
General reserve	400000
Retained earnings Revaluation surplus	1 500000 400 000

In addition to the above, the following transactions took place for the year ended 30 June 2021:

Aug 1 Declared and paid a cash dividend of 30c per share.

Nov 10 A 1-for-5 bonus share issue, valued at $1.50 per share, is declared from the general reserve. The shares are issued immediately.

Feb 15 An interim dividend of 15c per share is declared and paid.

April 30 DiMeo Investments Ltd transferred $200 000 from retained earnings to the general reserve.

June 30 Declared a final dividend of 10c per share. Profit (after tax) was determined to be $400 000.

Required:

1. Prepare the general journal entries to record the above transactions. You are not required to complete narrations or posting references. Use the Excel template
2. Calculate the balance of retained earnings at 30 June 2021