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Sanad Ltd. issued 100000 shares of BD 100 each at a premium of BD 10 per share, payable as: On application BD. 50 (including BD

Sanad Ltd. issued 100000 shares of BD 100 each at a premium of BD 10 per share, payable as: On application BD. 50 (including BD 10 premium) per share, On allotment BD 40 per share, On call BD. 20 per share.

Requirement:

Use 15135 the numbers of application received from public. Then, make journal entries by considering that all amounts have been duly received.

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