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Bremond Limited is currently contemplating the appropriate method of financing. As a result,

the entity, management presented the entitys statement of financial position as at December 31, 2020 for review by the entitys financial consultants:

Statement of Financial Position as at December 31, 2020
Non-Current Assets
Property					300,000,000.00
Current Assets
Inventory					150,000,000.00
Cash and bank					50,000,000.00
					200,000,000.00
Total Assets					500,000,000.00
Share Capital and Reserves
Ordinary share capital @ $0.10 per share					100,000,000.00
Retained earnings					175,000,000.00
Revaluation reserves					25,000,000.00
					300,000,000.00
Current Liabilities
Trade Payables					130,000,000.00
Tax provisions					70,000,000.00
					200,000,000.00
Total Equity and Liability					500,000,000.00

The following events also took place during the period, which were not accounted for in the financial statement above by management:

1. On November 30, 2020, the entity made a rights issue of two new shares at rights price of $1.75 for every ten shares currently held when the market price of each stock stood at $2.25.

2. On December 30, 2020, the entity declared dividends of $0.025 for each share held as at December 30, 2020.

3. On December 31, 2020 the entity issued $400 million worth of convertible loan notes which have nominal rates of 5% when the market rate of interest on similar notes stood at 8% per annum. The notes are expected to mature in two years and converted into ordinary shares.
4. Property was revalued on December 31, 2020 upward by $200 million.

Required:

Prepare the relevant journal entries for the above adjustments that are to be made by management.

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