On 1 January 2019 XYZ Ltd has a share capital of $1,000,000 consisting of 200,000 ordinary shares originally issued at $5 each. XYZ Ltd made a new offer for 50,000 shares at $7 each, where $4 is payable on application, $2 becomes payable when the shares are allotted and $1 when the call is made. The prospectus was issued on 1 February 2019, and the application money were received on 1 March 2019. There was an over-subscription. On 1 March 2019, the company received applications for 60,000 shares but only wanted to issue 50,000 shares. The 50,000 shares were allotted on 5 April 2019 and on the same day they refunded the unsuccessful investors their application money. The allotment money was received on 15 May 2019. The call was made on 6 June 2019 and the money was received on 29 June 2019.

Record the journal entries (if any) for the company in relation to the refund to the unsuccessful investors on 5 April 2019 :