Hello, I have an issue with understanding and doing journal entries for oversubscription of shares. can you explain it please

9. Signal Ltd called for subscriptions for 8 million shares. The issue price per share ls $3.50 to be paid In three parts: the first payment 01 $1.00 Is to be made on application. $1.50 is to be paid within 1 month of allotment and the remaining $1.00 is to be paid within 3 months of allotment. At the end of July. when applications close. applications for 10 million shares have been received. The shares are allotted on 1 August on a pro rata basis with the excess application money to be applied against the amount due on allotment. The first and nal call on the shares is made on 10ctober. Assume all amounts on ailotment and call are paid by the due date. What are the accounting entries to record these events? ANSWER Ell__ -__ __ -_ ___ ___ _ ___ ___ _ ___ ___ _ ___ ___ __ ___ ___ __ __ _ ___ __ __ _