Question
Jasmine Ltd has the following equity balances at the of June 2022. Share Capital A quad400,000 shares issued at $5 paid quad$800,000 Share Capital B
Jasmine Ltd has the following equity balances at the of June 2022. Share Capital A quad400,000 shares issued at $5 paid quad$800,000 Share Capital B 100,000 shares fully paid @ $6 600,000 Total $$1,400,000 Prepare journal entries to account for the following transactions: 25 Nov 2022 The company makes a 1 -for- 3 rights offer to its ' B ' ordinary shareholders. The rights are renounceable and allow holders to obtain ' B ' ordinary shares for $3 per share, payable in full on application. The holders of 18000 ' B ' ordinary shares accept the rights offer by the expiry date. The shares are duly allotted and all money is received. 25 Dec 2022 A call of $3 per
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