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At 1 October 2023,ABC 's capital was structured as follows: Ordinary shares of...

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Accounting

At 1 October 2023,ABC 's capital was structured as follows:
Ordinary shares of $10100,000
Share premium $30,000
On 31 January 2024, in order to raise finance for expansion, there was a 1 for 5 rights issue at $1.50. The issue was fully taken up. This was followed by a 1 for 10 bonus issue on 1 March 2024.
What is the balance on the share capital and share premium accounts after these transactions? Please provide journal entries and ledger accounts. (3.0)
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