On $4$ January $2023$ official registration documents confirmed that Deal $($Ltd$)$ was incorporated by the Commissioner of Companies and Intellectual Property

Commission with the following Authorised Share Capital:

$-900000$ Ordinary shares of R$1$ each;

$-60000010\%$ Preference shares of R$5$ each.

$6$

Date

$2023$

The following information for the financial period ended

$31$ December $2023$ is provided:

$4$ Jan

A motion was passed by the incorporators to take up the following :

$150000$ Ordinary shares at R$1$ each;

$8000010\%$Preference Shares of R$5$ each

$10$ Feb

Incorporators deposited cash into the company$$s bank account to pay for shares taken as per the motion of $14$ January $2023.$

$2$ March

Deal Ltd negotiated an underwriter$$s agreement with Finhut $($Ltd$)$ to support the following offer to the public : Commission was agreed at $5\%$: Account to be settled on $20$ July $2023$:

$250000$ Ordinary shares at R$1$ each, and

$10000010\%$ Preference shares of R$5$ each.

$20$ June

Deadline date for the share offer. The following applications were received

$220000$ Ordinary shares at R$1$ each; and

$8000010\%$ Preference shares of R$5$ each.

$30$ June

Allotment of shares to the public and the underwriter was completed:

$20$ July

The underwriter$$s account was settled as agreed.

$15$ Nov

Directors$$ proposed to declare an ordinary dividend of $10$ cents per share.

Shareholders approved the proposal.

$27$ Dec

Paid all ordinary and preference dividends.

Required:

Record the above transactions in the general journal of Deal Ltd for the financial year ending $31$ December $2023.$ Record dates and include a brief narration for every journal entry. Show all workings.