1- Sunrise Company Ltd., , has registered its capital as shs. 1,000,000, divided into 100,000 shares of shs. 10 each. The company offered to the public for subscription of 100,000 shares of shs. 10 each, as follows; shs. 2 on application, shs.3 on allotment, shs.3 on first call and the balance on final call. The company received applications for 150,000 shares. The company finalised the allotment on 100,000 shares and rejected applications for 50,000 shares. The company did not make the final call. The company received all the amount except on 2,000 shares where call money has not been received. Make journal entries for the above transactions.

2- K KLtd. issued 100000 shares of Shs. 10 each on 1st April, 2006. The amount payable on these shares was as under: Shs 2 per share on application. Shs 3 per share on allotment. Shs 5 per share on call. Make journal entries in the books of company.

3- Sams Industries Ltd., issued 2,000, 10% debentures of shs 100 each, at a premium of shs 10 per debenture payable as follows:

On application shs 50

Onallotmentshs 60 The debentures were fullysubscribed andall money was dulyreceived.Recordthe journalentries inthe booksofacompany