Part 1 On 15 July 2018, Harvey Limited issued a prospectus inviting the public to subscribe for 15,000,000 ordinary shares at an issue price of $4 for each ordinary share. The terms of the share issue are that the issue price is to be settled $1 on application, $2 on allotment and the balance on a call. The expenses related to the share issue were: advertising of share issue and prospectus $60,000; accounting fees associated with drafting of prospectus $10,000; legal expenses associated with share issue $20,000; brokerage fees $100,000; overheads allocated $36,000; feasibility study $58,000. These expenses were paid on 15th July 2018. Applications were received for 15,000,000 ordinary shares and all application money was received by 2014 July 2018. The company allotted the 15,000,000 ordinary shares on 1" August 2018. The amount payable on allotment was received by the due date 14 August 2018. The company made a call for the balance of the issue price on 3 September 2018. Amounts due on the call were received for 14,800,000 ordinary shares by the due date 17h September 2018. A shareholder who was allotted 200,000 ordinary shares failed to settle the call money. On 10 October 2018 the management of the company decided to forfeit the 200,000 ordinary shares from the defaulting shareholder. The forfeited shares were reissued on 2014 October 2018 at a price of $3.70 per share to be paid for in full on application. The reissued shares were taken up by a shareholder who paid for the shares on the due date 30th October 2018. On 15th November 2018, the company refunded the amount paid by the defaulting shareholder after charging a penalty for the difference between the original issue price and the reissue price. Required: Prepare general journal entries to record the above transactions