Prepare journal entries to record the following transactions for TPA Ltd for the 2019 and 2020 years. 2019 July 1 A prospectus was issued inviting applications for 100,000 ordinary shares at an issue price of $4, with $2 payable on application, $1 on allotment and the balance payable on 15 August 2020. July 15 Applications were received for 135,000 shares. July 31 The directors allotted the shares pro rata. The company's constitution allows excess application monies to be retained and used to offset future amount payable. Sept 1 Allotment money due was received by this date. 2020 Aug. 1 The first and final call was made. Aug. 15 $90,000 call money was received by this date Aug. 22 The shares on which call money was not received were forfeited. Aug. 25 The forfeited shares were placed with an institutional investor, paid to $4 on payment of $3.25. Expenses pertaining to the reissue were paid $2000. The cash was received from the financial institution, and any balance in the forfeited shares account was transferred to Forfeiture Reserve Account