On 1 June 2022, the directors of BHU Limited announced that the company is ready to receive share applications. BHU Ltd decided to issue 10 million shares at $8 per share and $3 per share on application and the balance on call. On 1 June 2022, investors paid for 10 million shares. On 20 June 2022, the company accepted applications for 10 million shares and made the call for the first call. On 30 June 2021, holders of 2 million shares who paid for the application failed to pay the call money and, as a result, the shares were forfeited. On the same day, the holders of 8 million shares paid the call money. On 10 March 2022, the forfeitec shares were reissued and sold immediately in the market for $7 for each share. The cost of reissuing the shares was $50 000. On 15 March 2022, the balance of selling the issued share is paid to holders of forfeited shares. Required Prepare all journal entries necessary to account for the issue of the shares. In your answer narratives for ournal entries are not necessary but you must include the date for each journal entry