Ak Ltd had 100000 equity share capital (₹10) 1000 8% ₹100 reeedemable preference share and 60000 and 40000 respectively in general reserve and profit & loss account. It had also ₹3000 in securities premium account . The company excersied its option to redeem the preference share at 10% premium. For this purpose 5000 ₹10 rights share were issued at 10% premium account which were fully paid at time. The company had also 30000 investment which were sold for ₹38000 all payments were made except to holders of 50 shares who could not be traced. The directors then issued bonus shares to then share holders at the rate of 2 for 3 held . Pass journal entries without narration

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