Answer:
Check the explanation
Explanation:
S.no.	Date	Particulars                                Debit ($)        Credit($)
1.	31.03.2020	Bank A/c	Dr                           2800000  
To Equity Share Application A/c	Cr                                  2800000
(Being Application Money received on Shares)    
2.	01.04.2020	Equity Share Application A/c2800000  
To Share Capital A/c	Cr                                                    2000000
To Share Allotment A/c	Cr                                                  800000
(Being allotment made to shareholders)    
3.	01.04.2020	Equity Share Allotment A/c  2000000  
To Equity Share Capital A/c	Cr                                           2000000
(Being allotment amount transfer to capital account)    
4.	01.04.2020	Bank A/c	Dr                         1200000  
To Equity Share Allotment A/c	Cr                                       1200000
(Being Balance allotment amount received)    
5.	01.04.2020	Share Issue Expenses A/c Dr  10000  
To Bank A/c	Cr                                                                      10000
(Being Share issue Expenses paid)    
6.	30.06.2020	Bank A/c	Dr                           450000  
To Share Capital A/c	Cr                                                       450000
(Being Right Share Issued)    
7.	01.10.2020	Bank A/c	Dr                            250000  
To Share Capital A/c	Cr                                                      250000
(Being Options given to shareholders)    
8.	01.10.2020	Share Expenses A/c	Dr.    	50000  
To Bank A/c	Cr.                                                                    50000
(Being Option cost 50cents per share paid)    
9.	30.11.2020	Interim Dividend A/c	Dr     120000  
To Bank A/c	Cr                                                                    120000
(Being Interim Dividend Paid)