The following transactions relate to the issue of shares by Tindale Ltd. 

Record the above transactions in the appropriate journals, and prepare a note to the accounts showing the capital structure at 31 May 2019.

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Date 2019 1 Feb 28 Feb 15 Mar 31 Mar 1 May 31 May Transaction The public was invited to make an application for 100 000 shares at $1.00 each, 20c per share being payable on application. Applications were received for 70 000 shares. The directors allotted 60 000 shares and the successful applicants were advised that 30c per share was due on allotment. The balance due on allotment was received. A first call of 25c per share was made. $14 000 was received with respect to the first call.