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could you please answer this question in the answersheet that i post :) 3. On April 01,2020 a limited company was incorporated with an authorised
could you please answer this question in the answersheet that i post :)
3. On April 01,2020 a limited company was incorporated with an authorised capital of $40,000 divided into shares of $10 each. It offered to the public for subscription of 3,000 shares payable as follows: - On Application $3 per share - On Allotment $2 per share - On First Call (One month after allotment) 52,50 per share The shares were fully subscribed for by the public and application money duly received on April 15 , 2020. The directors made the allotment on May 1, 2020 . Requirement Pass journal entries to record this transaction (30p) 3. Joumal entry Step by Step Solution
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