Please explain in full writing the entire working out and explanation to get to the answer please

Q1: Camelot Ltd's Equity Transactions As at 1 July 2009, Camelot Ltd's has an opening balance in share capital of 2,375,000 shares (consisting of shares issued at $2 each). During the financial year ending 30 June 2010, Camelot Ltd needs to raise funds to build a round shopping complex near Merlin Central. Camelot Ltd approaches PacMan Bank regarding a private placement for 1,000,000 shares @ $1.90 each. PacMan Bank accepts the offer on 15 May 2010. Camelot Ltd received the money 1 June 2010. (a) Write down the journal entry (if any) in Camelot Ltd's ledger in relation to the private placement and indicate the date when the journal entry is recorded