Q\#07) On Jan. 1, 2008,Shah Company Ltd. was registered with an authorized capital of Rs. 1,200,000, divided into 6,00010% preference shares of Rs. 100 each and 60,000 ordinary shares of Rs. 10 each. On Jan. 15, 2008,the Company offered 4,000 10\% preference shares and 50,000 ordinary shares, Payable in full with application. On Jan. 25,2008, The Company's bankers reported that Rs. 500,000 on 5,000 10% preference shares and Rs. 400,000 on 40,000 ordinary shares were received with applications. The remaining ordinary shares which were not taken to by the public were taken by the underwriters under the agreement. On Jan. 31, 2008, the Directors of the Company finalized the allotment of 4,00010% preference shares and 40,000 ordinary shares to the public and 10,000 ordinary shares to the underwriters and directed the banker to refund the excess of application money. On Feb. 10, 2008, the Company allotted 4,000 ordinary shares of Rs. 10 each in consideration of purchase price of Machinery. The shares were issued at market price of Rs. 12.50 each. Required Give dated entries in the General Journal of the Company for the above transactions