Calculate Ltd was incorporated on 31 January 2020 with authorised capital as: 950000 ordinary shares 44000010% preference shares On 1 February 2020, a motion was passed by the incorporators to take up 200000 ordinary shares at R1 each and 4000010% preference shares at R10 each. On 1 March 2020 an underwriter's negotiation was entered offering 350000 ordinary shares at R1 each and 4500010% preference shares at R10 each. On 30 April 2020 applications received were: 285000 ordinary shares were applied for. 38000 preference shares were applied for. Share issue costs of R17 500 were paid on 16 May 2020. Required: Record the transactions in the general journal of Calculate Ltd