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Enganet Ltd has received applications for 6 million shares during Dec 2020. The shares are to be issued at a price of $5.75 per share.

Enganet Ltd has received applications for 6 million shares during Dec 2020. The shares are to be issued at a price of $5.75 per share. The 6 million shares are allotted on 15 Jan 2021. What are the accounting entries required to record these events? Required: Provide the journal entries necessary to account for the application of Enganet Ltds shares. Hint: 3 Journal Entries?

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