On 30 June 2022, the equity accounts of Omega Ltd consisted of the following: 200 000 ordinary shares, issued at $3 each, fully paid $ 600 000 General reserve Retained earnings 20 September 2022 27 September 2022 1 October 2022 31 October 2022 5 November 2022 15 November 2022 31 December 2022 28 April 2023 15 May 2023 30 June 2023 $ 150 000 $ 175 000 The final 10c per share dividend for the year ended 30 June 2022 was declared, and approval to pay the dividend was obtained at the annual general meeting. The final 10c per share dividend for the year ended 30 June 2022 was paid. The directors issued a prospectus offering 70 000 ordinary shares at an issue price of $3, payable $2 on application and $1 at a future call. The closing date for application was 31 October 2022. Applications for 87 500 shares have been received. The directors allotted the shares pro rata, with applicants receiving 80% of their requested shares. The company's constitution allows excess application monies to be retained and used to offset future calls payable. The share issue cost of $6 000 was paid. The directors announced an interim dividend of 5c per share payable in cash on 1 February 2023 To raise funds for expansion, the directors sold 50000 ordinary shares to Evergreen Finance at an issue price of $3 per share. The directors decided to transfer $60000 from retained earnings to the general reserve. The directors decided to use the general reserve to fund the payment of 50 000 bonus shares, these being issued at $1.50 per share. Required Prepare general journal entries to record the above transactions during the year ended 30 June 2023

Definition Definition Method of recording financial transactions in the book of original entry by debiting and crediting the accounts affected by a transaction using the golden rules of accrual accounting.