QUESTION THREE (20 marks) Access Bank Limited Company has a nominal share capital of GH800,000.00 comprising 200,000 ordinary shares of GH4.00 each. The whole of the capital was issued at par on the following terms: Per share Payable on application (0.60 Payable on allotment 40.80 First call $1.20 Second call 01.40 Applications were received for 250,000 shares and it was decided to allot the shares on the basis of four for every five for which application had been made. The balance of application monies was applied to allotment, no cash being refunded. The balance of allotment monies was paid by the members. The calls were made and paid in full by the members, with the exception of one who failed to pay the first and second calls on the 1,000 shares allotted to him. A resolution was passed by the directors to forfeit the shares. The forfeited shares were later issued to Judy at 03.20 each. You are required to prepare: (0) The ledger accounts recording of all the above transactions. The balance sheet extract after all the transaction had been completed