During 2012 the following selected transactions affecting shareholders equity occurred for Italy Company Ltd:

1. 1 Feb Invited applications for 25 000 company shares. The shares were to be issued at $60 per share, payable $20 on application and $30 on allotment and $10 on call By 25 February, applications for 26 000 shares had been received.
2. 5 Mar Directors resolved to allot the shares, with excess application money to be applied to allotment.
3. 31 Mar Allotment monies were received in full.
4. 25 Apr Directors make a call on shareholders for the remaining $10.
5. 30 May Calls are received from all shareholders
6. 1 July Directors declare a dividend of $1 per share, to shareholders of record on 1 August, Payable on 1 September

What would be the correct journal entries for b and f.

Could you also please explain why.

Thanks