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TWD Ltd was incorporated on the 1st July 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:
Applications were received for 19,000 shares on the required date as follows:
The shares were allotted on the 1st September 20X3 as follows:
Any allotment monies due were paid on the 30th September 20X3.
Required
Problem 1: Prepare the general journal entries in the records of TWD Ltd to record all the events described above.
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