Part (e) On 1" April 2011 Canterbury Construction Limited decided to raise funds from a public share issue for the purpose of carrying out a sub-contract to repair drains that were damaged in a carthquake in Christchurch. The company invited applications for 2,000,000 ordinary shares at an issue price of $1.50 per ordinary share. The company received applications for 2,000,000 shares. All amounts due from the shareholders were received on the due dates. The company's accountant resigned when Christchurch began to experience a series of aftershocks. The accounting records of the company were incomplete and partly damaged during the aftershocks. You have been appointed to update the accounting records of the company. You managed to retrieve some incomplete ledger accounts from the company and verified that the few transactions shown in the following ledger accounts were correct: Bank Account Debit Date Details Credit 2 22/4/2011 Balance 3,000,000 ? Date Details 5/4/2011 Trust Bank 19/4/2011 Equity Receivable 22/4/2011 Equity Receivable 600.000 1.000.000 3.000.000 Contributed Equity (Issued Share Capital) Account Date Details Debit Date Details Credit 22/4/2011 Balance cd 3.000.000 5/4 2011 Application 2.000.000 $/4/2011 2 15/4/2011? 2.000.000 Required: . Prepare general journal entries (with narrations) to record all transactions related to the issue of the ordinary shares, starting from the receipt of application money and including all transactions until the receipt of allotment and call money. 1. Complete the Bank Account and the Contributed Equity Account