Q3. During the year ended 30 April 2020, Moon Berhad made a new offer of 125,000 units of ordinary shares with no par value at RM1.25 each. An excess of 20% on the application were received by the company. Therefore, the company decided to accepts in full application for 62,500 units of shares and refund the sum of money for application of 12,500 units of shares. Subsequently, the company allot the remaining shares on the basis of 5 shares for every 6 applied for. The excess monies are offset against the allotment monies owed.

The methods of payments were as follows:

Per Share

Application (payable on 1 June 2019)RM0.60 Allotment (payable 30 October 2019) RM0.50 First and final call (payable on 1 January 2020)RM0.15

All the subscribers managed to pay the sum of money called upon except for the five subscribers who were allotted with 2,500 units of shares each have failed to pay the sum of money called during the first and final call. These shares were then declared forfeited. On 1 March 2020, the company reissued these forfeited shares to Star Berhad at a price of RM0.75 per share fully paid. Moon Berhad's issued share capital on 30 April 2019 consisted of 200,000 units of ordinary shares at RM2 each, while the bank amount on 30 April 2019 was RM100,000.

Required: Prepare the following ledgers account to record the above transactions in the book of Moon Berhad.

(i)Application account. (4 marks)

(ii)Allotment account. (3 marks)

(iii)First and final call account. (3 marks)

(iv)Ordinary shares capital account. (7 marks)

(v) Bank account. (5 marks)

(vi) Star Berhad account. (3 marks)