Dar Wara Ltd was incorporated on June 30, 2019. On July 1, 2019, the company issued a prospectus offering 900,000 ordinary shares at an issue price of $10, payable on the following terms.

• $3 on application
• $3 on allotment
• $2 on first call
• $2 on second call

A summary of the applications and allotments register follows.

Amount paid per share on application	Number of shares applied for	Number of shares allotted
$3.00	600,000	450,000
$6.00	300,000	300,000
$10.00	150,000	150,000

The application process was completed on August 31, 2019, and the shares were allotted to all applicants on September 1, 2019. All money received more than the amounts due on application where applied to amounts due on allotment and calls. Where appropriate, refunds of application money were made. All allotment money was received by September 30, 2019.

On November 1, 2020, Dar Wara Ltds directors made a call of 42c per share, payable by November 30, 2020. By December 31, call money had not been received from holders of 75,000 shares.

Required:

Prepare journal entries to record the above events. No Post Ref required. Refer to the provided Chart of Accounts for the appropriate account names.

Date	Account	Post Ref	Debit	Credit
2019
	To record application money received
	To record the issue of shares on allotment
	To record the transfer of cash received on allotment
	To record transfer to allotment and calls in advance of the excess application money
	To record receipt of allotment monies
2020
	To record the first call of ordinary shares
	To record the transfer of calls in advance money
	To record receipt of first call monies.