On $30$ June $2022,$ the equity accounts of Parker Ltd consisted of

Share capital $150,000$ ordinary shares, issued at $$3$ each, fully paid

General reserve

Retained earnings

$$450\mathrm{.}000$

$60,000$

$85,000$

The following transactions and events occurred during the ended $30$ June $2023$:

$$On $1$ October $2022,$ the directors issued a prospectus offering $80,000$ ordinary shares to the public at an issue price of $$3,$ payable $$3$ on application. The closing date for the application was $31$ October $2022.$ IT share issue was underwritten by Super Stockbrokers for a fee of $$7,500$ payable on $15$ November $2022$

$$ By $31$ October $2022,$ applications for $100,000$ shares had been received.

$$ On $5$ November $2022,$ the directors allotted the shares to $80,000$ applications. The remaining $20,000$ were returned to ur successful applicants.

$$ On $15$ November $2022.$ the underwriting fee was paid.

Required

Analvse the above transactions and prepare general journal entries to record the above transactions