Question
Juicy J's capital structure as at July 1, 2017 was as follows: Ordinary Share Capital Share Premium Account (500.000 shares of$0.55 each) $275,000 $160,000 In
Juicy J's capital structure as at July 1, 2017 was as follows: Ordinary Share Capital Share Premium Account (500.000 shares of$0.55 each) $275,000 $160,000 In the year ended June 30, 2018, the company made arights issue of 1share forevery 5held at $1 per share and this was taken up in full. Later in the year the company made a bonus issue of 1 share for every 5 held, using the share premium account for the purpose. Required i) Show the journal entries for each issue. Prepare the Equity Section of Juicy J's Statement ofFinancial Position as a tJune 30, 2018 after the rights issue and also after the bonus issue
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