Star Inc. was incorporated on January 1st 2019. A private placement of 20000 shares at $1 a share was made and the public was invited to subscribe for 50 000 shares at the same price. The public issue called for payment as follows:
(2) 40 cents on application
(b) 40 cents on allotment
(c) payment of the call for the balance outstanding by 30 September 2021. Applications were received for 45 000 shares. All money due on allotment was received by 30 May 2019. The balance of the Share Capital for Star Inc at 30 June 2019 was.
a. $60000
b. $566000
c. $546.000
d. $55000
Select one
a. 65000
b. 46000
c. 5601
d. 55000