In relation to a rights issue, why would the issuing company, when accounting for the rights issue, NOT use the cash trust account when making journal entries?

Because the application money has to be included with the offer

Because the company is making the offer, so the company is automatically entitled to any payments sent in

Because the use of cash trust accounts has been prohibited by ASIC

Because rights issues only go to existing shareholders, so anything the company holds belongs to the shareholders anyway