point LMS Ltd was incorporated on 1 January 2020. The following transactions and events occurred since incorporation 1 Feb 2020 LMS Ltd makes an offer to the public for inwestors to subscribe for 2,000,000 shares, ut an issue price of $1.00 per share, with $2,20 payable on application and $0.00 payable on a call to be made at a later date. 28 Feb 2020 Applications close, with applications received for 2,200,000 shares. 10 Mar 2020 Shares are allotted to applicants on a first in first served basis, and application money is refunded to unsuccessful applicants. Required: Prepare the journal entries to record the transactions of LMS Ltd on 10 March 2020. Narrations are not required. . T Words Path EMG