CD Ltd bought 10,000 ordinary shares of Shs. 1 each in Excel Ltd on 1st January 2015 at a cost of Shs. 15,000. On 1st July, Excel Ltd announced a right issue of two ordinary shares for every five held on that date at Shs.1.25 per share. CD Ltd took up 50% of the entitlement and sold the remaining 50% at Shs. 0.60 per share
CD Ltd received a dividend of 20% on ordinary shares in Excel Ltd on 31st December, 2015
Required:
Record these transactions in the books of CD Ltd for the year ended 31st December, 2015
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