Global-link Ltd issued a prospectus inviting application for $270 000 ordinary shares of $3.00 each and $270 000 worth of 7% debentures of $90 each.

Global-link Ltd issued a prospectus inviting application for $270 000 ordinary shares of $3.00 each and $270 000 worth of 7% debentures of $90 each.
The ordinary shares were offered at premium at $4.50 each. The debentures were offered at par, payable $90 on application.
Applications were received for 290 000 ordinary shares and 3 100 debentures. All ordinary shares and debentures offered were allotted and excess money was refunded

1. Record the above issue in a journal and General Ledger respectively.
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