Question: Gundagai Ltd was incorporated on June 30, 2019. On July 1, 20... Gundagal Ltd was incorporated on June 30, 2019. On July 1, 2019, the company issued a prospectus offering 300,000 ordinary shares at an Issue price of $10, payable on the following terms. $3 on application $3 on allotment $2 on the first call $2 on the second call A summary of the applications and allotments register follows. Amount paid per share on Number of shares applied for Number of shares allotted application S3.00 200,000 150,000 $6.00 100,000 100,000 $10.00 50.000 50,000 The application process was completed on August 31, 2019, and the shares were allotted to all applicants on September 1, 2019. All money received more than the amounts due on application where applied to amounts due on allotment and calls. Where appropriate, refunds of application money were made. All allotment money was received by September 30, 2019. On November 1, 2020, Gundagal Ltd's directors made a call of 42c per share, payable by November 30, 2020. By December 31, call money had not been received from holders of 25,000 shares. Required: Prepare journal entries to record the above events. No Post Ref required. Refer to the provided Chart of Accounts for the appropriate account names