Cara Van plc wants to issue one million £1 equity shares payable as follows:
On application – 70p (including 30p premium)
On allotment – 30p
On call two months after – 30p
After publication of the prospectus, Cara Van plc received applications for 1,500,000 shares. Small  applications totalling 500,000 were rejected.

Required
Provide journal entries to record the above receipts on the issue of the shares.