moniquedwyer1
Sep 12, 2009, 07:00 AM
Hi
I'm having trouble with these general journal entries, can anyone help me
Question:
Dalta ltd was registered on 1 Feb 09 with an authorized share capital of 200 000 no par value ordinary shares and 100 000 9% preference shares of no par value. ON 1 Feb 09 the company offered 20 000 no par value ordinary shares at R10 each and 10 000 no par value preference shares at R15 each to the founders of the company. All the shares were taken up and paid for on 5 February 09.
On 9 February 09, the company offered 100 000 ordinary shares at R10 each and 50 000 preference shares at R15 each for subscription to the public. By close of business on the closing date, namely 1 May 09, applications had been received for the full number of shares that were offered. On 8 May 09 all the shares were allotted.
On 31 May 09 the company paid R15,000 towards share issue expenses
Required:
Record the application and allotment of the ordinary and preference shares in the general journal of Dalta Ltd.
I'm having trouble with these general journal entries, can anyone help me
Question:
Dalta ltd was registered on 1 Feb 09 with an authorized share capital of 200 000 no par value ordinary shares and 100 000 9% preference shares of no par value. ON 1 Feb 09 the company offered 20 000 no par value ordinary shares at R10 each and 10 000 no par value preference shares at R15 each to the founders of the company. All the shares were taken up and paid for on 5 February 09.
On 9 February 09, the company offered 100 000 ordinary shares at R10 each and 50 000 preference shares at R15 each for subscription to the public. By close of business on the closing date, namely 1 May 09, applications had been received for the full number of shares that were offered. On 8 May 09 all the shares were allotted.
On 31 May 09 the company paid R15,000 towards share issue expenses
Required:
Record the application and allotment of the ordinary and preference shares in the general journal of Dalta Ltd.