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2.1 Prepare the journal of Mururani Ltd to effect the above transactions (Narrations are not required) 19 marks 2.2 Prepare the following accounts in the

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2.1 Prepare the journal of Mururani Ltd to effect the above transactions (Narrations are not required) 19 marks 2.2 Prepare the following accounts in the general ledger of Mururani Ltd. . Income tax payable {3 marks) . Rundu investment bank Ltd (2 marks) . Application and allotment: ordinary shares {2 marks) . Ordinary share accounts {3 marks) 2.3 Prepare the extract ofthe statement of financial position for Mururani LTD as at 30 April 2021 only showing non~current liabilities (3 marks) 2.4 Explain four rights of a shareholder (4 marks) 2.5 The Companies Act prohibits the company from allocating shares for which the full purchase price has not yet been received. Answer True or False (2 marks)

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