A prospectus was issued by XYZ Ltd on 1 August 2021 inviting applications for 2000 12% $350 debentures. $200 was payable on application and $150 on allotment. The journal entry to record the cash received on application on 30th September 2021 is: DR Cash Trust $400,000 CR Application - Debentures $400,000 DR Cash Trust $910,000 CR Application - Debentures $910,000 DR Cash Trust $520,000 CR Application - Debentures $520,000 DR Cash Trust $700,000 CR Application - Debentures $700,000