Flag Ltd has received applications for 4 million shares during July 2004. The shares are to be issued at a price of $2.75 per share. The 4 million shares are allotted on 15 August 2004. What are the accounting entries required to record these events?
A) 
B) 
C) 
D) 
E) None of the given answers.
Correct Answer:
Verified
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