Black Star Limited Black Star Limited is a company with an authorised share capital of 1,000,000 ordinary shares. The company is a manufacturer and distributor of clothing. The directors decided to launch a new range of shoes but require funds for this purpose. It was decided to offer 100,000 shares to the public at R10 each to obtain the necessary funds. The pubic was invited to submit their applications along with the relevant amount to the company. Applications for 120,000 shares were received. Source: De Villiers, C. 2021. Required Prepare the applicable accounts in the General Ledger to show the above transactions. Do not balance the accounts.