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A 3 Section C Companies 40 Marks Question 3 Study the scenario and complete the question that follows: Black Star Limited Black Star Limited is

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A 3 Section C Companies 40 Marks Question 3 Study the scenario and complete the question that follows: Black Star Limited Black Star Limited is a company with an authorised share captal of 1.000.000 dinary res. The company is a manufacturer and distributor of dothing The director deosed and a new range of shoes but require funds for this purpose it was decided to offer 100.000 anstecat 10 each to obtain the necessary funds. The pubic was invited to submit the appears along with the relevant amount to the company Applications for 120.000 shares were record Required Prepare the applicable accounts in the General Ledger to show the above transactions. Do not balance the accounts. (12 Marks) Question 4

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