Question: do the part B pls part A for just reference only Question 4 (con' Part B The balance of the following account is as follow:

do the part B pls part A for just reference only
do the part B pls part A for just reference only Question
4 (con' Part B The balance of the following account is as

Question 4 (con' Part B The balance of the following account is as follow: Account Name: Unearned Revenue Balance as at 1/6/2021; $6,000 (Normal balance) Balance as at 30/6/2021: $3,000 (Normal balance) The total cash collected from unearned revenue in June 2021 is $2,000. Required: Construct the 'Unearned Revenue' T-account. Include the opening balance of July 2021. How much revenue was recognised in June 2021? Part A The equity section of Island Ltd as at July 1, 2020 is as follows: Share capital 2,000,000 ordinary shares, issued at $2 fully paid 6% 20,000 preference shares, issued at $3, fully paid General reserve Revaluation surplus Retained earnings $4,000,000 60,000 50,000 8,000 590,000 During the year ended June 30, 2021, the following transactions occurred: (1) On July 1, 2020, Island Ltd issued 2,000 ordinary shares at $2 each by private placement. All new shares are entitled to interim and final dividends. (ii) Declared $0.06 per share of interim dividend to all ordinary shareholders on December 1, 2020. (iii) Payment of interim dividend to ordinary shareholders was made on February 28, 2021. (iv) Declared and paid a dividend to preference shareholders on March 31, 2021. (v) Declared final dividend of 2 cents per share to all ordinary shareholders on June 30, 2021. Required: I Prepare journal entries for the above transactions. Show all workings and narrations

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