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15 Question 3.[30 Marks]: Bintang Bhd has an authorized capital of 3,000,000 ordinary shares of Rm 1 each. On January 30, 2017.Bintang Bhd issues a prospectus to the public, to subscribe for a total of 1,000,000 shares at Rm 2.50 per unit payable in stages as follows: RM Feb Application 1.25(including premium of Rm 0.75) 1 Mar Allotment 1.00(including premium of Rm 0.75) 30 Apr First call & last Call 0.25 On February 15,2017, all shares are fully subscribed with the application money received on that date. The allotment money is paid on the date of allotment, whereas calls are paid on their respective dates above. The shares are then allotted to successful applicants on March 1,2017. The cost of share issue is Rm 80,000. Required: i. Prepare the journal entries and ledger for the above transaction