"Civie Netra Rahul Naikwa On 16 March 2016, RYOSUKE Ltd was incorporated and a prospectus was issued inviting application for 200 000 shares at an issue price of $3, payable as follows: $1 on application $1.5 on allotment 50c on future call/calls to be determined by the directors By 16 May 2016, applications had been received for 250,000 ordinary shares of which applicants for 50,000 shares forwarded the full $3 per share, the remainder 200,000 shares paying only the application money. On 1 June 2016, the directors decided to allot shares in full to applicants who had paid the full amount and proportionally to all remaining applicants. In accordance with the prospectus, all surplus money on application can be transferred to the Allotment and/or Call accounts. All outstanding allotment was received by 30 June 2016 The first call for 30c was made on 11 Oct 2016 with money due by 30 Oct 2016. All money was received on the due date except for the holder of 30 000 shares who failed to meet the first call DENE hp Netra Rahu The first call for 30c was made on 11 Oct 2016 with money due by 30 Oct 2016. All money was receive date except for the holder of 30 000 shares who failed to meet the first call. On 1 December, the directors decided to forfeit the 30,000 shares. On 10 December 2016, the forfeited sha reissued as fully paid ordinary shares for a consideration of $2.6 per share. The balance of the Forfeited Sha account was returned to the former shareholder on 20 December On 1 January 2017 the directors issued 20,000 options at 60c each. Each option entitles the holder to acquire ordinary share in the company at a price of $2.20 per share, exercisable between 1 March and 15 March 2017 Options not exercised by 15 March will lapse. By 15 March 2017, 19,000 options were exercised and shares were issued the remaining 1,000 options lapsed. Required: Prepare the journal entries to record the transactions of RYOSUKE Ltd up to 15 March 2017 O search hp