ILLS Times Bhd with a capital of m5,000,000 in 5,000,000 ordinary shares made a public offer of 30,000,000 ordinary shares at RM1.50 on the following terms: On application 50 sen 0n allotment 50 sen 0n 1't call 25 sen On 2'\" and nal call 25 sen Applications were received for 40,000,000 ordinary shares. The directors rejected applications for 5,000,000 shares and allotted the shares on a pro-rata basis among the remaining applicants. An}; surplus money.r on application was used to pa}.r up on allotment. All monies due on the allotment and calls on the ordinary shares were duly received. Required: Prepare journal entries to record the above transactions