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Company makes final call of 25c per share on 500 000 shares issued at $1. Holders of 20 000 shares fail to pay the call
Company makes final call of 25c per share on 500 000 shares issued at $1. Holders of 20 000 shares fail to pay the call and directors forfeit these shares. 1. Prepare GJ entries to reflect forfeiture and cancellation of shares
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Managerial Accounting
Authors: Charles E. Davis, Elizabeth Davis
4th Edition
1119577667, 978-1119577669
