Provide Journal Entries only to record all of the following events in the books of Stark Industries:

Mr. Tony Stark is the CEO of Stark Industries. On the 31st of March 2018 Stark Industries was registered with the NZ Companies Office. Stark Industries has a balance date of 31 March. The prospectus offered for sale 1,000,000 ordinary shares at $6.5 each. External costs (advertising, legal fees, brokerage fees) associated with the issue were $55,000. The monies were due as follows:

• $2.00 on application;

• $2.00 due on allotment; and

• $2.50 on call 3 months after the allotment of the shares.

  Following is the timeline of events, April 1, 2018 - March 31, 2019:

1. April 1st - Prospectus issued.

2. April 30th - Received applications for 1,150,000 shares and all application monies.

3. May 7th - 1,000,000 ordinary shares were allotted on a pro rata basis. The excess cash received on application is to be retained in the company and set off against amounts receivable at allotment.

4. May 31st - All allotment monies due were received

5. Aug 21st - Remaining capital was called.

6.Sept 5th - All call monies were received.

7.March 31st - The Board declared a dividend of 20 cents per share. Shareholder approval for this dividend will be sought at the annual general meeting in May 2019.

The answer is supposed to be given below this was given to me by someone but i cannot udrestand the hand writting of the explanations. Can someone do it in excel sheet and check if its correct or not as well

(10 marks)

Journal Entwe 30% Page No Bank-ele Dr.(1,150,000242) 42.300.000 , 2.3001000 Bel Applicahion mone Recuel) Shah, Applial, on e D~ 2,300.000 Sha apital ale (bo0o,00ox 2.000,600 mShahe Allotment (150,000xs2) 300,000 Shaheel'ebrnent Ale Dor (1,000,000 x2)A 2,000,000 : .QIDO 0,000 Bane Ale TrY (2,000,000-300,000) fi,00,000 To Shase allotment 1,700,000 S00,000 ml call ere o,oo2.SO 23001000 Brs omt.dee Pherna final Cal Aamts ud)