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On 1 March 2020, Laraniva Ltd was registered and a prospectus was issued inviting applications for 600,000 ordinary shares at an issue price of $6

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On 1 March 2020, Laraniva Ltd was registered and a prospectus was issued inviting applications for 600,000 ordinary shares at an issue price of $6. The shares were payable $3 on application and $3 on allotment (due 20 April). 

By 31 March 2020, applications had been received for 650,000 ordinary shares. On 1 April 2020, the shares were issued. The constitution allows the directors to apply excess application money to the allotment account. All outstanding allotment money was received by the due date, and share issue costs of $3,500 were paid on this date.

On 15 June 2020, Laraniva Ltd issued 220,000 ordinary shares privately to Goose Ltd at a price of $5.80 per share.

On 30 June 2020, a 15 cent ordinary dividend was declared and approved. This dividend was subsequently paid on 21 July 2020.

On 1 September 2020, Laraniva Ltd issued to existing ordinary shareholders 100,000 options to buy 100,000 ordinary shares. Each option costs 60 cents and entitles the holder to buy one ordinary share at a price of $5.20. The options are exercisable on 30 November 2016 and on this date, all options were exercised.

On 31 January 2021, Laraniva Ltd made a 1 for 10 bonus issue of shares, paid to $5, to ordinary shareholders, from the general reserve.

Required

Prepare the journal entries to record the transactions of Laraniva Ltd for the events outlined above. Narrations are not required.