Ibex plc wished to issue 500,000 £1 ordinary shares, 60p (including 10p premium) per share payable on application, 20p on allotment and the final 30p on call, four months later. The directors prospectus was published and applications for 600,000 shares were received. The directors rejected small’ applicants for a total of 100,000 shares and allotted the remainder. Show the journal entries involved in respect of the issue, assuming that all cheques were banked on receipt.