please give calculation for each step until final answer Maxi Berhad offered 1...
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please give calculation for each step until final answer
Maxi Berhad offered 1 million ordinary shares for issue to public on 1 January 2019 at an issue price of RM1.50 per share. A total amount of RM3,000,000 was received from the applicants on 30 November 2019. The oversubscription of RM1,500,000 was returned to unsuccessful applicants on 20 December 2019. On 31 March 2020 , Maxi Berhad declared a 3 for 2 bonus issue. Extract of Maxi Berhad's balance sheet prior to issuance of bonus shares is as follows: State the journal entries required to account for the above transactions and prepare extract of the balance sheet after bonus issue
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