A company was formed on 1 March 2019 with an authorized capital of OMR 10 million divided into common stock of OMR 0.400 each. The company came up with an Initial Public Offer (IPO) by issuing 5,000,000 equity shares at OMR 0.400 each. Pass necessary journal entries and comments in the considering the following situation separately:

a) If the shares are issued at par.

b) If the shares are issued at a premium of OMR 0.200

c) If IPO is fully subscribed

d) If IPO is oversubscribed by 3 times and the company rejected 1/3rd applications and for remaining made a pro-rata allotment of 2 : 1 and refunded the excess amount

e) If IPO is subscribed upto 80%

Shares issued at par

Date	Particulars	Debit	Credit

Statement of Financial Position (Abstract)
Assets
Current Assets
Equity & Liabilities:
Equity

Shares issued at premium

Date	Particulars	Debit	Credit

Statement of Financial Position (Abstract)
Assets
Current Assets
TOTAL
Equity & Liabilities:

IPO is fully subscribed

D) If IPO is oversubscribed by 3 times and the company rejected 1/3rd applications

D) If IPO is subscribed upto 80%