TWD Ltd was incorporated on the 1^stJuly 20X3.On that date the company issued a prospectus to the public offering 15,000 ordinary shares at an issue price of $6.00 per share, payable as follows:

$3.00 on application which closes on 31^stAugust 20X3

$2.00 on allotment

$1.00 on calls at the company's discretion.

Applications were received for 19,000 shares on the required date as follows:

Applicants for 6,000 shares paid for their shares in full (ie $6.00 per share)

The remaining applicants paid only the amount required for application.

The shares were allotted on the 1^stSeptember 20X3 as follows:

Those applicants who paid for their shares in full were allotted all the shares applied for.Any excess money was held and applied to the allotment and future calls.

1,000 shares by other applicants were refused and their money refunded.

The remaining applications were issued in proportion to their applications and any excess money held and applied to the allotment.

Any allotment monies due were paid on the 30^thSeptember 20X3.

Required

Prepare the general journal entries in the records of TWD Ltd to record allthe events described above.