ANALYTICAL QUESTIONS 1. 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) Current Auct Equity & Liabilities; Equity Shares issued at premium Date Particulars Debit Credit Statement of Financial Position(Abstract) Assets Current Assets TOTAL Equity & Liais