Martin Ltd has a nominal share capital of £900,000 comprising 900,000 ordinary shares of £1 each. The whole of the capital was issued at par on the following terms:

Per share Payable on application 10p Payable on allotment 25p First call 35p Second call 30p Applications were received for 1.5 million shares and it was decided to allot the shares on the basis of three for every five for which applications had been made. The balance of application monies was applied to the allotment money, no cash being refunded. The balance of allotment monies was paid by the members.

Two calls were made and paid in full by the members.

Show the ledger accounts recording all of the above transactions, and the relevant extracts from a balance sheet after all the transactions had been completed.