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Journal Entries & Adjusting Journal Entries
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There were two transactions. Jan.5 Received applications for 20000 ordinary shares, at a total issue price of $10 per share, each accompanied by an initial payment of 25% of the issue price. Alloted 10000 shares to these applicants, and retained the balance of over-subscription as a payment in...
Pass Journal Entries , Post entries to ledger and prepare trial balance
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Rajaram quit his job and started woodcraft comopany ( Service Firm) The transactions of the business for September are as follows. Sep 1 Began Business by investing cash Rs 10000 in exchange of 1000 shares 4 Paid two month Rent in advance for a shop Rs 2000 5 Bought Equipment...
Ordianry & preference shares
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My question is. At 1 July 09, the balance in the Retained Earning a/c of xx ltd was $2 000 000. During the year ended 30 June 2010, the following occurred. 1. Directors paid an interim ordnary dividend of $400 000 during the period, and declared a final ordinary dividend of $460 000. A... View more questions Search
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