Account 2015 JAMB Past Questions - Question 47: Oil and Buns issued to the public 1,300,000 ordinary shares of 75k at a price of N 1.50k. Appication and allotment were received for 900,000 shares at 25k each. Determine the amount received on application and allotment.

Oil and Buns issued to the public 1,300,000 ordinary shares of 75k at a price of N 1.50k. Appication and allotment were received for 900,000 shares at 25k each.
Determine the amount received on application and allotment.