Dd AaBbCcDdr AaBbCc AaBbcct AaB sal No Spacing Heading 1 Heading 2 Title Styles QUESTION 6 20 MARKS D On 1 January 2021, Lee Lid intod the public to subscribe for 500,000 ordinary shares at a price of 50 cents on the following forms Application Allotment 20 cents 10 conts Call 1 Call #2 10 cents 10 cents The directors reserved the right to alot a lesser number of shares than the number applied for and to appropriate any excess application money to allotment and future cas All lotment money was received by 25 January 2021 The issue was over-subscribed and on 30 January 2021, shares were allotted on a pro rata basis in accordance with the following schedule Shares Application Shares applied money lotted Application 20 cents Allotment Cala 1 10 cents Call 2 10 cents 10 centi for received 100.000 50,000 100,000 250 000 100,000 200,000 200,000 40,000 100,000 450.000 135,000 400.000 1,000,000 325,000 800.000 By 15 February 2021, all remaining alotment moneys were received A first call was made on 15 March 2021 and a week later all call monies owing was received except for the holder of 4,000 shares Required: (4) Complete the above worksheet to allocate the excess application moneys to application allotment, call W1 and coll #2 Note, there are no refunds as all excess money is allocated to allotment and calls ) Provide the general journal ontoen oncluding cash entries) to record the transactions and t events and subsequent nicept of canh on allotment and cart. YOU DO NOT NEED TO RECORD THE FORFEITURE OF THE 4,000 SHARES 26C Focus