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Complete the following tables to show the amount that was entered in each account. Amount Authorised Share capital: 2 million ordinary shares at 0.50 each

Complete the following tables to show the amount that was entered in each account.

Amount

Authorised Share capital:

  • 2 million ordinary shares at 0.50 each
  • 1 million 5% preference at 1 each.

Total amount the company EXPECTED to raise

Issued share capital:

Issued shares (sold) :

  • 1 million ordinary shares at a premium of 50p each
  • 1 million 5% preference shares at par.

The ACTUAL amount of revenue raised through shares

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