Young Ltd was registered on 3 January 2016. The following private share issues were completed during the
Question:
Young Ltd was registered on 3 January 2016. The following private share issues were completed during the first year:
Required
(a) Journalise the transactions.
(b) Post to the Share Capital account. (Use T accounts.)
(c) Calculate the share capital at 31 December 2016.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 52% (17 reviews)
a Jan 10 Debit Cash 480000 Credit Share Capital 480000 Mar 1 Debit Cas...View the full answer
Answered By
Hande Dereli
Enthusiastic tutor, skilled in ACT and SAT tutoring. Raised one student's score on the SATs from 1100 combined to 1400. Graduated with a 3.9 GPA from Davidson College and led a popular peer tutoring group for three years. Scored in the top 0.06% in the nation on the SATs. The real reason I'm the one to help you nail the test? Results. Clients invariably praise my ability to listen and communicate in a low-stress, fun way. I think it's that great interaction that lets me raise retest SAT scores an average of 300 points.
0.00
0 Reviews
10+ Question Solved
Related Book For
Financial Accounting Reporting Analysis And Decision Making
ISBN: 9780730313748
5th Edition
Authors: Shirley Carlon, Rosina Mladenovic Mcalpine, Chrisann Palm, Lorena Mitrione, Ngaire Kirk, Lily Wong
Question Posted:
Students also viewed these Business questions
-
The following selected transactions were completed during the first year of operations: Jan. 3 Issued 15,000 shares of common stock at $23 per share for cash. 31 Issued 200 shares of common stock to...
-
Morning Star Ltd was registered on 1 July 2019, as a company with a constitution limiting the shares that could be offered to 5 000 000 Ordinary shares (including all classes) and 2 000 000...
-
Morning Star Ltd was registered on 1 July 2020, as a company with a constitution limiting the shares that could be offered to 5 000 000 Ordinary shares (including all classes) and 2 000 000preference...
-
Obtain the transfer functions X(s)/F(s) and Y(s)/F(s) for the following model: 3x = y y = f(t) -3y- 15x
-
Given your knowledge of the basis for trade, would you be surprised or not to learn that the composition of the exports and imports of a former Soviet bloc country such as Hungary or Poland changed...
-
When making random guesses for difficult multiple-choice test questions with possible answers of a, b, c, d, and e, we expect to get about 20% of the answers correct. The Ashton Prep Program claims...
-
Indicate whether each of the following words or phrases relates most closely to (a) a business transaction, (b) a separate entity, or (c) a money measure: 1. Partnership 2. U.S. dollar 3. Payment of...
-
Heidi Jara opened Jara's Cleaning Service on July 1, 2015. During July, the following transactions were completed. July 1 Stockholders invested $20,000 cash in the business in exchange for common...
-
Transcribed image text: Break-even analysis for a service company Sprint Corporation (S) is one of the largest digital wireless service providers in the United States. In a recent year, it had...
-
Consider the following information of Jones Corporation over four years: Required: 1. Calculate the missing amounts for each year. 2. What does this information indicate about the company? 2019 2018...
-
Buck Ltd purchased a machine with an expected useful life of 4 years and nil residual value. After 2 years the estimated useful life was revised to 3 years. The manager of Buck Ltd suggested that the...
-
Donkey Ltds equity is as follows: Donkey Ltd plans to expand its operations by establishing a branch in Thailand. The new branch will cost $3.5 million. Expected profit before tax and interest when...
-
What is activity-based product costing?
-
The Al and Si alloy shows only partial solubility. At 20 C, the solubility of Si (solute) in Al (solvent) is 2%, while the solubility of Al (solute) in Si (solvent) is 0%. Explain why. Si r = 0.117...
-
On September 30, 2012, Sheridan Company issued 10% bonds with a par value of $520,000 due in 20 years. They were issued at 98 and were callable at 105 at any date after September 30, 2017. Because...
-
The two - dimensional flow around the pylon of a bridge can be modelled using elementary solutions of potential flow theory. The superposition of uniform flow with velocity V \ infty , a source of...
-
Forced labor is immoral and should never be condoned. What other issues should companies be aware of that could exist in their supply chains? What are some examples of these issues and the companies...
-
Trio Company reports the following information for its first year of operations. Direct materials Direct labor Variable overhead $ 15 per unit $ 16 per unit $ 4 per unit Fixed overhead Units produced...
-
Discuss how job stress contributes to fault prenatal development.
-
If the annual fixed costs are 54,000 dinars, the occupation expense represents 20%, the contribution margin is 25%, and the unit selling price is 40 dinars. Required: Calculate the closing point of...
-
What are the challenges posed by strategic information systems, and how should they be addressed? a. List and describe the management challenges posed by strategic information systems. b Explain how...
-
What ethical, social, and political issues are raised by information systems? a) Explain how ethical, social, and political issues are connected and give some examples. b) List and describe the key...
-
What specific principles for conduct can be used to guide ethical decisions? a. List and describe the five steps in an ethical analysis. b. Identify and describe six ethical principles.
-
Ella was hired as the Chief Operating Officer (COO) of Zeta Corporation, a privately-owned company in the technology sector, effective January 1, 2022. Throughout the fiscal year 2023, Zeta...
-
Compute Return on Assets (ROA): Requirements: Using the following figures: Net Income: $120,000 Average Total Assets: $800,000 Compute the return on assets (ROA). Express ROA as a percentage. Provide...
-
ABC Ltd produces 45,000 units of a product at a total cost of $900,000. The variable cost per unit, including raw materials and direct labor, is $8. Calculate the fixed costs associated with...
Study smarter with the SolutionInn App