On 1 April 2015, Paprika Ltd was incorporated and a prospectus was issued inviting applications for 200 000 shares, at an issue price of $20, payable $10 on application, $5 on allotment and the remainder in one call when required. By 30 April, applications for 240 000 shares had been received together with the application money due on each share. One applicant for 5 000 shares had forwarded $100 000 in full payment of the shares. The remaining applicants only paid the application price. On 3 May, the directors proceeded to allot 200 000 shares on the following basis. 5 000 shares were allotted to the applicant who paid for the shares in full. The other applicants were allotted the remaining shares. The surplus application money was offset against the amount payable on allotment. The balance of the allotment money was received by 10 May. On 3 September, the remaining call on the shares was made, and all cash was received on the call by 15 October, except for 20 000 shares, Required Prepare journal entries to record the transactions for the period from 1 April 2015 to 15 October 2015