application Oversubscription on share issue, payable in full on Maple Ltd was on 31 March 2017, payable in full on The company received applications for 560 000 shares, sent letters of regret to 10 000 shares and the remaining applicants received partial allotments by issue of 10 shares for every 11 shares applied for, making the total allotment 500 000 shares. Legal costs of issuing the shares, $12000, were paid. registered on 1 March 2017. Directors decided to issue 500 000 ordinary shares application at an issue price of $2 applicants for Required Prepare journal entries and ledger accounts to record the above transactions