=+ (d) to utilise excess application money in part payment of allotment money. One applicant to whom

Question:

(d) to utilise excess application money in part payment of allotment money.

One applicant to whom shares had been allotted in full did not pay the amount due on call and his 200 shares were forfeited. The shares were re-issued on 31st October, at 18s.

Show the Journal and Cash Book entries necessary to record the foregoing.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Accounting Principles And Practice

ISBN: 9781483169354

1st Edition

Authors: S. Hall, N. Skene Smith

See More Books

Question Posted: Sep 02, 2024 04:00 AM

See More Questions

Viscosity variation and velocity gradients in a non isothermal film, water is falling down a vertical wall in a film 0.1 mm thick. The water temperature is 100C at the free liquid surface and 80C at...
Write a report that describes your experience regarding a visit of museum or gallery exhibition or attend a theater or musical performance. Clearly identify the event location, date attended, the...
Math You bought your home last year for $130,000. You made a down payment of 20 percent. Through your mortgage payments, you have reduced your debt by $2,000. The annual appreciation rate for homes...
From an usual pack of 52 cards, we select a card at random. Then we select another card from the remaining 51 cards. What is the probability that the second card chosen is (a) an ace? (b) a diamond?...
The financial statements for Castile Products, Inc., are given below: Account balances at the beginning of the year were accounts receivable, $25,000; and inventory, $60,000. All sales were on...
sql Question 34 Display the SID, SName, PID, Name and Qty from both tables using the ON clause. Not yet answered Marked out of 2.00 P Flag question Question 35 Not yet answered Display the PID, Name...
=+2. On 1st January, 1960, Cabinet Construction Ltd. offered 100,000 1 Ordinary Shares to the public at a price of 25/-. The amount per share was payable: On application 5/- On allotment 7/6...
=+ (c) to allot the balance of the available shares pro rata among the other applicants;
Let us consider the extremely simplified and fictional balance sheet of a firm, reported in Table 1.1. On the asset side, we have current assets, which are liquid assets, like cash, or assets that...
3-3 Estimate the average and maximum flowrates from a recreational area (to be selected by instructor) with the following facilities. State all of your assumptions clearly. Recreational area Type of...
For provincials, the primary means of integration into the Empire lay in grants of _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ , which had been virtually impossible to receive during the...
Unit 2 DB: Business Writing Describe at least two ways in which you can improve your communication skills through email, presentation, and report writing. Which of these communication methods do you...
After discussions with a sales representative, Shu purchases a new iPhone from the Apple store. During their conversation, they do not discuss phone insurance. Five minutes after Shu pays for the...
4. Assuming ABC allocated overhead more accurately, which products were incorrectly priced using the traditional costing method? What difficulties might result from incorrectly budgeted products?...
Making Invertible Matrices Choose a constant k so that the matrices given in Problems 1 and 2 are invertible. If no such k exists, say so and explain your reasoning. 1. 2. k01 kOI 1
Wal-Mart is the second largest retailer in the world. The data file on the disk holds monthly data on Wal-Marts revenue, along with several possibly related economic variables. a) Using computer...
Prepare journal entries to record the following. (a) Gomez Company retires its delivery equipment, which cost $41,000. Accumulated depreciation is also $41,000 on this delivery equipment. No salvage...
Chris Rock has prepared the following list of statements about depreciation. 1. Depreciation is a process of asset valuation, not cost allocation. 2. Depreciation provides for the proper matching of...
Diaz Company was organized on January 1. During the first year of operations, the following plant asset expenditures and receipts were recorded in random order. InstructionsAnalyze the foregoing...
Sale of investments Cash collections from customers Cash purchase of used equipment Depreciation expense $ 7,500 18,700 6,200 2,400 Compute cash flows from investing activities using the above...
Megatronics Corporation, a massive retailer of electronic products, is organized in four separate divisions. The four divisional managers are evaluated at year-end, and bonuses are awarded based on...
21. The Balance sheet of a company as on December 31, is given below: Liabilities Share Capital 1st Year 700,000 2nd Year 900,000 Assets Land and Building 1st Year 2nd Year 200,000 200,000 XII-...

=+ (d) to utilise excess application money in part payment of allotment money. One applicant to whom

Question:

Step by Step Answer:

Accounting Principles And Practice

Students also viewed these Business questions