Question
Milton Keynes Co . STATEMENT OF FINANCIAL POSITION of the Milton Keynes Co . As at 31/12/20X3 (EXTRACT) Share capital (50c) $10,000 Share premium. $7,000
MiltonKeynesCo.
STATEMENT OF FINANCIAL POSITION of the Milton Keynes Co. As at 31/12/20X3 (EXTRACT)
Share capital (50c) $10,000
Share premium. $7,000
Retained earnings. $8,000
25,000
Milton Keynes Co. decided on a bonus issue of shares of 1 for 4 and will use the share premium account for this purpose.
You are Required
What is the double entry to record the bonus issue of shares and what is the adjusted financial position extract after the bonus issue?
Please give details information
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Essentials Of Cost Accounting For Health Care Organizations
Authors: Steven Finkler, Judith Baker, David Ward
3rd Edition
0810235447, 9780763738136
