ACCT 1121 FINANCIAL ACCOUNTING I TUTORIAL QUESTIONS - EQUITY 1. Journalising issuance of shares Myra Corporation Berhad has authorized ordinary share 150,000 had the following transactions June July 1 1 Issued 6,000 shares for cash at RM 43 per shares Issued 3,000 shares for cash RM45 per shares Required: a) Journalize the transactions b) Prepare the equity section 2. Journalizing issuance of shares Mura Berhad has the following information Mura Berhad Statement of Financial Position as at 31 December 2017 RM 2,250,000 Paid in Capital: Preferred shares 100,000 shares authorized 45,000 shares issued and outstanding Ordinary shares 150,000 shares authorized 78,000 shares issued and outstanding Total paid in capital 3.120.000 53,370,000 Retained Earnings Total Shareholders' Equity 101.000.000 547.100.000 June July 1 1 Issued 6,000 shares for cash at RM 63 per shares Issued 3,000 shares for cash RM45 per shares Issued 5,000 preferred shares for cash RM50 per share Required: a) Journalize the transactions b) Prepare the equity