QUESTION 7 In 2019, Aria and Sofia's determination pays off and the business becomes a publicly listed company - ADS Luxury Ltd - with 2,500 outstanding shares. The company decides to undertake another share issue to raise capital for further expansion. ADS Luxury Ltd released a prospectus seeking 3,000 shares valued at $11 each. The prospectus required investors to pay $5 on application, $4 on allotment and $2 on call. The deadline for applications was 24 January. By this date, applications were received for 3,700 shares. In dealing with this over-subscription, the company scaled back other applications and applied the excess application money to allotment. The shares were allotted on 20 February with payment received on 17 March. A call was made on 3 April and the call money was received on 23 April Required: Journalise all the transactions represented by the events described above, including all relevant dates. (5 marks) Note: No explanations are required. TT T Arial 3 (12pt)