Jumping Jack Ltd was registered on 31 March 2016. It invited the public to subscribe to the issue of 200 000 ordinary shares for $6 per share: $3 due on application, $2 due on allotment and the balance due on call.

Mar. 31Prospectus issued.

May 1 Received applications for 200 000 shares.

2 Allotted 200 000 ordinary shares

31All allotment money received.

Aug. 1 Remaining capital called.

15All money due on call received.

Required:

(a) Journalise the transactions. (b) Post to the equity accounts. (Use T accounts.) (c) What is the share capital of Jumping Jack Ltd at 1 September?