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Exercise . Victory Ltd was registered on 1 February 2019. The following events occurred in that year. Feb. 1 - 50 000 ordinary shares were

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Exercise . Victory Ltd was registered on 1 February 2019. The following events occurred in that year. Feb. 1 - 50 000 ordinary shares were allotted to the original members. The shares were paid for in full at a price of $1 each. Feb. 1-A prospectus was issued for 300 000 shares ($1), payable in full on application. Mar. 15 - Applications were received for 440 000 ordinary shares. Mar. 18 - The directors allotted the shares in terms of the prospectus, excess monies being returned to unsuccessful applicants. Prepare journal enties for the above transactions. multiple debit/credit entries, accounts in descending order of amount. . . For list

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