Double entry for issue of shares

I don't know exactly that which entry do you require but since its a whole process i'll tell you the whole mechanism: For e.g. we received applications amounting 1,000,000 and the amount of share capital to be issued was 700,000; the following will be the flow of entries 1. When we receive applications for shares of a company Bank 1,000,000 Shares Application 1,000,000 2. After the selection has been made for successful shares the following will be the entry for successful share application Shares Application 700,000 Share Capital 700,000 3. For return of money to un successful candidates Shares Application 300,000 Bank 300,000