Journalise the transactions for sport field ltd

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Sport's Field Ltd was registered on 31 January 2016. It invited the public to subscribe to the issue of 35,000 ordinary shares for $1 per share: $0.60 due on application, $0.30 due on allotment and the balance due on call.

10 Jan Prospectus issued.
1 Mar Received applications for 35,000 shares.
2 Mar Allotted 35,000 ordinary shares.
31 Mar All allotment money received.
1 Nov Remaining capital called.
30 Nov All money due on call is received.

Required

Problem 1: Journalise the transactions.

Reference no: EM132725125

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