AutoSave On 20- final paper - Saved O Search Ibrahim Bukhari B File Home Insert Design Layout References Mailings Review View Help Share Comments X Find Calibri (Rady) ALI 12A A Aa A BIU x x A ADA . Tbody te... Emphasis T Heading 1 Replace Paste I Normal Dictate Editor Reuse Strong Select Files Clipboard Font Paragraph Styles Editing Voice Editor Reusc Files ANSWER: : - Answer box will eniarge as you type Question 2 (7 marks) Pheonix Limited made an offer to the public via a prospectus of 1,000,000 shares with an issue price of $1.00 per share. The shares were payable as $0.50 on application and a further $0.20 on allotment and $0.30 on call. Applications closed on 1 March 2020 and 1,500,000 applications were received (an oversubscription of 500,000 shares). Allotment was made on 20 March 2020. The company allotted 1,000,000 shares and the excess application monies were retained against allotment and call amounts. The call money was due on 1 October 2020. All monies to be paid have been received on time except 100,000 shareholders who could not pay the call money. These 100,000 shares were forfeited by the management on 20 November 2020. Prepare the journal entries to record the above. ANSWER: 8:07 AM H Type here to search BI - 4) ENG 17/06/2021