AV- Aa- L-A Font Paragraph 123 Shape Out Shapes Arrange Quick Replace Styles Shape Effects Drawing Dictate Designer Select Editing Voice Designer Worked Example 13.3-Issue of partly paid shares Yeates Ltd commenced operations on 1 July 2023 by issuing 15 million ordinary shares by way of a direct private placement and at an issue price of $1.50 per share. Shareholders were required to pay $1.00 on application, with a further $0.35 payable on 1 September 2023 and a further $0.15 payable on 1 December 2023: 1 July 2023 Dr Cash Cr Share capital 1 July 2023 15 000 000 15 000 000 Dr First call 5 250 000 Dr Second call 2 250 000 Cr Share capital 7 500 000 1 September 2023 Dr Cash 5 250 000 Cr First call 5250 000 1 December 2023 Dr Cash Cr Second call 2 250 000 2 250 000