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A company has an authorised capital of: 600 ordinary shares of 4 each 900 10% preference shares of 9 each The company has issued (sold):

  1. A company has an authorised capital of:

600 ordinary shares of 4 each

900 10% preference shares of 9 each

The company has issued (sold):

500 ordinary shares at a premium of 1 each

100 10% preference shares at par

Complete the following table to show the amount that was entered in each account.

Account

Amount

Issued Share Capital

Issued preference Capital

Share premium Account

Total in bank

  1. A company has an authorised capital of:

9000 ordinary shares of 2 each

1000 4% preference shares of 5 each

The company has issued (sold):

600 0ordinary shares at a premium of 1 each

700 4% preference shares at par

Complete the following table to show the amount that was entered in each account.

Account

Amount

Issued Share Capital

Issued preference Capital

Share premium Account

Total in bank

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