AR Bhd is incorporated in 1 January 2017. The companys year end is 31 December each year. On 1 June 2017, the company made a public offer of 20,000,000 ordinary shares at a price of RM2.50 per shares. The public offer was underwritten by issuing agent. On 31 July 2017, it is confirming that the offer was three times over-subscribed. Allotment was made on due date and monies received by the underwriter were returned to unsuccessful applicants. The cost of issue was RM800,000 and the company will utilize its share premium. Required: a) Show the necessary journal entries to record the public offer of shares in the accounts of AR Bhd. (5 marks) b) Show the necessary journal entries if the company decide not to return the monies to unsuccessful applicant, instead, allotted on a pro-rata basis. (2 marks)