In July 2019, Mooloolaba Ltd calls for public subscriptions for 10 million shares. The issue price per share is $1.20, to be paid in three parts, these being S$0.50 on application, S0.40 within one month of the shares being allotted and $0.30 within two months of the first and final call, with the call for final payment being payable on 1 September 2019. By the end of July, when applications close, applications have been received for 12 million shares; that is, 2 million in excess of the amount to be allotted. The shares are allotted on 1 August 2019 REQUIRED Provide the accounting entries to record the issue of Mooloolaba Ltd's shares