Required ( Include all workings ) ( a ) Prepare separate schedules , one for the Ordinary A share issue and one for the Ordinary B share issue that shows the break- up of number of shares applied for number of shares allotted ; total cash received cash received that relates to application ; cash received that relates to allotmen cash received that relates to calls ( in advance ) ; and cash refunded . (4 marks ) ( b ) Prepare journal entries for the above transactions . Note : each class of ordinary shares should have separate application , allotment and share capital accounts and the entries should be in strict date order of the underlying event ( Narrations required ) ( 6 marks )