Manly Ltd makes an offer to the general public of 10 000 shares at an issue price of $3.00. Manly Ltd requires a $2.10 per share payment on application then, on allotment, another $0.60 is to be paid, and a further $0.30 final amount is payable as a call at future date to be determined by the board of directors. On application money was received on 12 July for 11 500 shares. On 28 July, 10 000 shares were allotted (i.e. issued) and the surplus application money refunded. Which of the following would be the journal entry to record the refund?

DR	Application	3150
CR	Cash trust	3150

DR	Application	4500
CR	Cash trust	4500

DR	Cash trust	21 000
CR	Cash	21 000

DR	Share refund	3150
CR	Cash	3150