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ABC Ltd was registered as a corporation on 1 July 2 0 2 1 . On 4 July 2 0 2 1 , ABC Ltd
ABC Ltd was registered as a corporation on July On July ABC Ltd issued a prospectus offering ordinary shares at an issue price of $ each, payable $ on application and $ on allotment.
Application closed on August with the company having received applications for shares. The shares were allotted on August with the oversubscription amount being refunded to unsuccessful applicants. All allotment monies were received by August
Required: Following the allotment, the amount transferred from the Cash Trust account to the Cash account would be:
$
$
$
$
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