January 1: Surprise Co. Ltd recorded an authorized capital of 100,000 shares with par or face value of $1 and premium of $1 January 2: The Company issued 50% of the shares at their par value and premium amount. January 3: Applications were invited for all the issued shares. January 30th: The Company received applications for 75,000 shares at their par and premium value. January 31st: The Company refunded the excess applications received. Required Prepare: General journal entries to record the above transactions;