Share Issue Question 9.1.5 Aukland Ltd was incorporated on 1st July 20X7. On 1st August, it was decided to issue 300,000 Ordinary shares through an offer to the public on the following terms: Application $2 per share Allotment $1 per share Call as required $1 per share At 31st August, Applications for 350,000 shares had been received together with the required money except one applicant for 5,000 shares paid for the shares in full. On 15th September, the directors proceeded to allot 300,000 shares as follows: . Applicants for 30 000 shares were refunded their application money in full 5,000 shares were allotted to the applicant who paid for the shares in full the remaining successful applicants were allotted the remaining shares and excess application money was applied to future demands. On 7th October all allotment money had been received. A first and final call was made on 1st November, and all call money was received by 30th November with the exception of one shareholder of 6,000 shares who failed to pay. Required Prepare general journal entries to record all the events in connection with the share issue