Q.2. Simon Gold Inc. issued a prospectus on 25 January 2013 inviting applications for up to 20,000,000 ordinary shares at an issue price of 20c each, payable in full on application. A minimum subscription of $3,000,000 was specified, with share issue costs of $376,350 expected to be incurred. The expected closing date for the offer was 15 March 2013. Assume that the minimum subscription was reached, the offer closed on 15 March 2013, and that 15,000,000 number of shares were issued on 27 March 2013 with share issue costs paid on that day. Prepare the journal entries required to be processed from the 25 January to the 27 March inclusive