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A company opens applications to purchase shares which subsequently becomes oversubscribed. If the company chose not to refund the money, but rather to reallocate the
A company opens applications to purchase shares which subsequently becomes oversubscribed. If the company chose not to refund the money, but rather to reallocate the funds to allotment, which is the correct journal entry?
Group of answer choices
a. Dr Application; Cr Cash Trust
b. Dr Cash Trust; Cr Allotment
c. Dr Application; Cr Allotment d.
Dr Cash Trust; Cr Application
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