Bintang Bhd has an authorized capital of 60,000,000 ordinary shares of Rm 1 each. On January 30, 2017.Bintang Bhd issues a prospectus to the public, to subscribe for a total of 25,000,000 shares at Rm 1.20 per unit payable in stages as follows:

RM

15 Feb Application 0.20sen

1 Mar Allotment 0.40sen(including premium)

30 Apr First call 30sen

25 Mei last Call 30sen

Application were received for 35,000,000 ordinary shares.The directors rejected applications for for 5,000,000 shares and alloted on a pro rata basis among the remaining applicants. Any surplus money on applications was used to pay up on allotment. All monies due on the allotment and calls on the ordinary shares were duly received. The cost of share issue is Rm 80,000.

Required:

1. Prepare the journal entries and ledger for the above transaction
2. Balance sheet of the company after 1^st call but before the 2^nd call and

Balance sheet of the company after the completion of all the transactions