3. On April 01, 2020 a limited company was incorporated with an authorised capital of $ 40,000 divided into shares of $ 10 each. It offered to the public for subscription of 3,000 shares payable as follows: On Application $3 per share On Allotment $2 per share On First Call (One month after allotment) $ 2.50 per share On Second and Final Call S 2.50 per share . . The shares were fully subscribed for by the public and application money duly received on April 15, 2020. The directors made the allotment on May 1, 2020. Requirement Pass journal entries to record this transaction (20p)