Given the breakdown of partnership with Elissa, Brian is now considering incorporating his original business as a publicly listed company - Arbo Ltd. To raise funds that will help him to run his business as a company, Brian is thinking of releasing a prospectus in early January 2023 seeking 50,000 shares valued at $10 each. The prospectus will require investors to pay $5 on application, \$4 on allotment and $1 on call. The timeline for each stage of the share issuance is as follows: 30th January: Deadline for applications 1st February: Allotment of shares 28th February: Deadline for allotment monies 1st March: Call of shares 28th March: Deadline for call money Assuming that the above share issuance goes ahead as planned and 50,000 applications are received on 30 th January, journalise all the transactions represented by the events, and in the sequence, described above. (4 marks) Note: No dates and explanations are required to accompany the journals. Instructions: Record the general journal by selecting the correct accounts and amounts that are debited and credited. Cr Dr. Dr. Cr. Dr Given the breakdown of partnership with Elissa, Brian is now considering incorporating his original business as a publicly listed company - Arbo Ltd. To raise funds that will help him to run his business as a company, Brian is thinking of releasing a prospectus in early January 2023 seeking 50,000 shares valued at $10 each. The prospectus will require investors to pay $5 on application, \$4 on allotment and $1 on call. The timeline for each stage of the share issuance is as follows: 30th January: Deadline for applications 1st February: Allotment of shares 28th February: Deadline for allotment monies 1st March: Call of shares 28th March: Deadline for call money Assuming that the above share issuance goes ahead as planned and 50,000 applications are received on 30 th January, journalise all the transactions represented by the events, and in the sequence, described above. (4 marks) Note: No dates and explanations are required to accompany the journals. Instructions: Record the general journal by selecting the correct accounts and amounts that are debited and credited. Cr Dr. Dr. Cr. Dr