2023 Jan 1 A prospectus was issued inviting applications for 200,000 ordinary shares at an issue price of $10, with $6 payable on application, $2 Payable on the allotment and the balance payable on future call as determined by the directors. Jan 31 Applications closed with the ordinary share issue oversubscribed by 50,000. Feb 1 All shares were allotted on a pro-rata basis, and application money was refunded to unsuccessful applicants. Feb 15 Share issue costs of $15000 were paid. All outstanding Allotment money was received. May 25 The final call was made with money received by 10th June. June 10 The call money was received from holders of 180,000 ordinary shares. June 15 The shares on which call money was not received were forfeited. June 25 The forfeited shares were placed with a financial institution and paid to $10 on a payment of $8.60. The cash was received from the financial institution, and any balance in the forfeited shares account was returned to the former shareholders. Reissue costs amounted to $5,000.  

provide journal entries of the share issue process as examples in your explanations.