On May 31 2020, Nixon Ltd issued a prospectus for 180 000 ordinary shares at $2.50, payable $1.50 on Application, 50 cents on Allotment, 25 cents on Call #1 and the remaining on Call #2.4 Applications for 240 000 shares were received by June 15 2020, of which 20 000 shares were paid in full on application. o Directors allotted the shares on June 25 2020, and decided to: Allot shares to the applicants who paid in full, o Reject applications for 20 000 shares and refund the application money, o Allot 4 shares for every 5 shares applied, to the remaining applicants. The surplus money from the applications was to be transferred to allotment and/or call accounts." o The share issue costs were $9 600 and were paid on 28 June. All allotment money was received by 15 July 2020.- o o Directors made the first call on 18 September 2020- All Call #1 monies were received by 10 October 2020, except from the holders of 2 000 shares o O The second call was made on 8 November 2020. O All Call #2 monies were received by 18 November 2020, except from the holder of another 1 000 shares who did not pay the second call. Required; O Prepare the general journal entries to account for the share issue up to & including Call #2. Students may choose to use an allocation table provided below; GENERAL JOURNAL NIXON LTD GJ1 # Shares applied for # Shares allotted Allocation of money received on Application Money Application Allotment .50C Calls in received $1.50 Advance .50cc Refunds $1.50 K Date Particulars Folio DR CR June 152 . Money rec'd on applice June 25 Bal trf, From Trust Bank June 282 . Share issue costs 15/72 . Bal of allot. Monies received 18/9 . Trf call money in advance- ] . Receivable on 1st call ( 10/10 . Money rec'd on 158 000 shares | 8/11 4 ] Trf call money in advance . Receivable on 2nd call 18/112 ] Money rec'd on 159 000 shares |