| 385 PRACTICAL EXERCISES (Issue of Shares at Par) 1. 10 10,000 - 10 40 (.. 2021 A, B, C ) Fine Art Ltd. issued 10,000 share of 10 each to the public. Amount payable as follows: 10 on application, 40 on Allotment and balance on call. All money duly received Pass journal entries in the books of company. [-Total: 1,60,000]