QUESTION3 Time recommendation: 10 minutes Given the breakdown of partnerstip with Ellssa, Brian is now considering incorporating hits orisinal Arbo business as a publicly listed company - Arbo Ltd. To raise funds that will help him to run his business as a company, Brian is thinking of releasing a prospectus in early January 2023 seeking 50,000 shares valued at $10 each. The prospectus will require investors to pay 55 on application, $4 on allotment and $1 on call. The timeline for each stage of the share issuance is as follows: 30th January: Deadline for applications: 1st February: Allotment of shares 28th February: Deadline for allotment monies 1st March: Call of shares 28th March: Deadiline for call money Required: Assuming that the above share issuance goes ahead as planned and 50.000 applications are received on 30 th January, journalise all the transactions represented by the events, and in the equence, described above. ( 4 marks) lote: No dates and explanations are required to accompany the journals. structions: Record ounts that are ist February: Allotment of shares 28th February: Dendline for allotment monies Ist March: Call of shares 28 th March Deadine for call money Required: Assuming that the above share issuance goes ahead as planned and 50,000 applications are received on 30 th January, journalise all the transactions represented by the events, and in the sequence, described above, (4 marks) Note: No dates and explanations are required to accompany the journals. Instructions: Record the general journal by selecting the correct accounts and amounts that are debited and credited