Question
Barb Ltd completed the following share issue transactions: May 19 Issued 2000 ordinary shares for cash of $8.50 per share June 3 Issued 3000 preference
Barb Ltd completed the following share issue transactions:
May 19
Issued 2000 ordinary shares for cash of $8.50 per share
June 3
Issued 3000 preference shares for $18000 cash
June 11
Received equipment with market value of 80000 in exchange for the issue of 8000 ordinary shares
Required:
a) Journalise the transactions
b) How much paid up capital did these transactions generate for Barb Ltd?
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Accounting Information Systems Controls and Processes
Authors: Leslie Turner, Andrea Weickgenannt, Mary Kay Copeland
3rd edition
1119329566, 1119329565, 1119386179, 1119302110, 9781119302117 , 978-1119329565
