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Midrand Ltd acquired a interest in Bramely Ltd on December for R million. The consideration was settled as follows:
tableRCash payment,,Issue of shares to the seller,Issue of debentures to the seller,
Legal and other costs incurred in relation to the acquisition of the shares in relation to Bramely Ltd amounted to R Costs to issue the shares and the debentures amounted to R and R respectively.
tableREQUIRED QUESTION MARKStablePrepare the relevant journal entries to record the above transactions.Journal narrations are required
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