Q. No. 2 A company was formed on 1 March 2018 with an authorized capital of OMR 5 million divided into common stock of OMR 0.600 each. The company came up with an Initial Public Offer - (IPO) by issuing 2,000,000 equity shares at OMR 0.600 each. Pass necessary journal entries and comments in the considering the following situation separately: a) If the shares are issued at par. b) If the shares are issued at a premium of OMR 0.300 If IPO is fully subscribed d) If IPO is oversubscribed by 3 times and the company rejected 1/3rd applications and for remaining made a pro-rata allotment of 2 : 1 and refunded the excess amount e) If IPO is subscribed upto 60%