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1. Journal EntriesS.NoParticularsAmount in Dr.Amount in Cr.1Treasury Shares A/c    To Cash A/c(Being Treasury shares purchased)55,00055,0002Cash A/c    To Treasury Shares A/c    To Profit on sale of Treasury Shares A/c(Being Treasury shares Sold)16,00013,75022503Ordinary Shares A/cSecurities Premium A/c    To Cash A/c(Being Ordinary shares Issued)100,00050,000150,0004Cash A/c    To Preference Shares A/c    To Profit on sale of Preference Shares A/c(Being Preference shares Sold)52,50050,0002,5005Cash A/cLoss on sale of Treasury Shares A/c    To Treasury Shares A/c(Being Treasury shares Sold)15,60090016,5006Preference Dividend A/cEquity Dividend A/c   To Cash A/c(Being Dividend on preference and ordinary shares paid)12,00030,00042,0002. Statement of changes in shareholders equityParticularsShare CapitalEquity Share CapitalRetained EarningsShare Premium PreferenceShare Premium EquityTotal EquityBalance at 1 July 2017350,000500,000537,00028,00090,0001,505,000Changes in equity for the year 2017 - 2018      Issue of share capital-  100,000-   50,000150,000Sale of share capital-50,000-  -  -  -  -50,000Income for the year-   165,000  165,000Dividends-   -42,000  -42,000Balance at 31 December 2020300,000600,000660,00028,000140,0001,728,000 ...