Q#3 The following are transactions, completed by Abdul Sattar and Company: 1) Received applications for 50,000 ordinary shares of Rs. 10 each@Rs.12 per share 2) Allotted 40,000 ordinary shares of Rs.10 each at a premium of Rs.2 per share 3) Refunded application money on 10,000 ordinary shares @ Rs.12 per share. 4) Paid preliminary expenses Rs. 20,000 5) Allotted 5,000 ordinary shares of Rs.10 each against land costing Rs.60,000. 6) Allotted 5,000 ordinary shares of Rs. 10 each to the promoters of the company for their services 7) Issued 5,000 shares at Rs. 18 each for cash. 8) Issued 5,00012% debentures of Rs. 100 each at Rs.95 cash. Required: Prepare General Journal entries for the above transactions