Question: please, every entry should have narration, and use commas and dollar sign in each figure please answer correct , its a very important question for

please, every entry should have narration, and use commas and dollar sign in each figure

please answer correct , its a very important question for me

please, every entry should have narration, and use commas and dollar sign

The equity of Subang Ltd at 30 June 2020 was as follows: 600,000 ordinary 'A* shares, issued at $1.50, fully paid $ 900,000 500,000 ordinary 'B' shares, issued at $2, called to $1.20 600,000 General reserve 80,000 Retained earnings 450,000 The following events occurred during the year ended 30 June 2021: 2020 July 15 The final call, due 31 August, was made on the partly paid 'B' shares. Aug. 31 All call money was received, except for that due on 15,000 'B' shares. Sept 10 In accordance with the constitution, the shares on which the call was unpaid were forfeited. The company is entitled to keep any balance from forfeiture of shares. Oct. 1 The company offered ordinary 'A' shareholders one option (at a price of 65 cents per option) for every 10 shares held. Each option entitled the holder to buy 1 ordinary 'A' share at a price of $1.40 per share, exercisable on or before 15 April 2021. Oct. 31 60,000 options were taken up by shareholders, for which all money due was received. 2021 Feb. 3 A prospectus was issued, inviting applications for 110,000 ordinary *C" shares at an issue price of $2, payable in full on application. The purpose of the issue was to raise funds for expansion. The issue was underwritten at a commission of $6,500. Feb. 28 The issue of ordinary 'C' shares were closed and fully subscribed, with all money due having been received. Mar. 5 The 110,000 'C' shares were allotted, and the underwriting commission was paid. Apr. 15 54,000 'A' shares were issued as a result of 54,000 options having been exercised, for which money had been received. The unexercised options lapsed Required: Prepare general journal entries, including any closing entries required, to record the following transactions that occurred during the year ended 30 June 2021

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