Journal entries

Question 2: On 1 February 2019, Alice Corporation was registered and offered 80 000 ordinary shares to the public at an issue price of $4, payable as follows $3 on application (due 15 March) $1 on final call By 15 March, applications had been received for 80 000 ordinary shares. The company issued 80 000 shares on 20 April. The call was made on 2 June with money due by 10 June. All money was received in the due date except for the holder of 10 000 shares who failed to meet the final call. On 15 June, as provided for in the constitution, the directors decided to forfeit these shares They were reissued, on 25 June, as paid to $4 for $3 in cash. Further issue cost is $5 060 paid in cash on 28 June. The balance of the Forfeited Shares account was returned to the former shareholder on 29 June. Required Prepare the journal entries to record the transactions of Alice Corporation up to and including that which took place on 29 June 2019 (Show all workings and dates but narrations are NOT required)