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Exercise 2 - Journalise share transactions Sport's Field Ltd was registered on 31 January 2019. It invited the public to subscribe to the issue of

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Exercise 2 - Journalise share transactions Sport's Field Ltd was registered on 31 January 2019. It invited the public to subscribe to the issue of 35 000 ordinary shares for $1 per share: $0.60 due on application, $0.30 due on allotment and the balance due on call. Jan. 10 Prospectus issued. Mar. 1 Received applications for 35 000 shares. Mar. 2 Allotted 35 000 ordinary shares. Mar. 31 All allotment money received. Nov. 1 Remaining capital called. Nov. 30 All money due on call is received. Required a. Journalise the transactions. b. Post to the equity accounts (use Taccounts). C. What is the share capital of Sport's Field Ltd at 1 December

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