Do fully according to the marks

QUESTION 1: (30 Marks) Lenovo Bhd incorporated with an authorized capital of 50,000,000 ordinary shares of RM 1/- each decided to issue 30,000,000 shares at a premium of 30 sen each on the following terms: On application 20 Sen On allotment 50 Sen (including premium) On 1st Call 30 Sen On 2nd Call 30 Sen On the closing day for applications, applications for 60,000,000 shares were received and the directors resolved to: Applications for Reject 10,000,000 shares. Give full allotment to 10,000,000 shares. Allot on a pro-rata basis the balance. All monies due on allotment and 1st call were received when due and one shareholder who held 3,000,000 shares paid the 2nd call money together with 1st call money. On the 2nd call and final call, all monies due were received except from a holder of 1,000,000 shares who failed to pay the amount due. Required: Ledger entries to record the above transactions