Rights issue with options At 30 June 2021 Cellmid’s statement of financial position presents the following equity

The ordinary share capital of $56 064 284 comprises 125 246 865 shares. (The number of shares has been rounded down). Figure 14.5 contains extracts from a Cellmid Limited ASX release, announcing a rights issue with options.

Required 

Prepare the general journal entries to record rights issue and options transactions in figure 14.5. Assume the prospectus was fully subscribed and no options have been exercised by the end of the reporting period, 30 June 2021.

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Equity as at 30 June 2021 2021 2020 Note $ $ Issued capital 22 60 280 064 56 064284 Reserves 23 931 775 1137 254 Accumulated (50 777 455) (47 390 823) losses Total equity 10 434 384 9810715