Olovou QUESTION 4- 20 marks Peptom Ltd was formed on 01 August 2015 with an authorized share capital of 800 000 10% preference shares of 50c each and 2 100 000 ordinary shares of N$ 1 each. On 01 September 2014, the founders of the company subscribed to 100 000 ordinary shares at and paid in full. On 15 September 2015 the remaining ordinary shares were offered to public at a premium of 25 per share. The full public issue is underwritten by Oshana Underwriters Ltd for a 1% underwriter's commission. The public subscribed to 1 900 000 ordinary shares at a premium and 900 000 preference shares at a discount of 10c and the available shares were allotted and the necessary refunds made. The full amounts payable were received at the closing date on 15 October 2015. All the shares were allotted on 18 October 2015. Share issue expenses of N$ 40 000 were paid and all transactions with the underwriter were concluded on 31 October 2015. All expenses regarding the issue of shares must be written off against the share premium account. Terms and condition of the underwriters' agreement: The underwriter will be paid a commission of 1% on the full subscription of the offer. All shares not taken up by the public will be taken up by the underwriter. . All transactions with the underwriter will be concluded on 31 October 2015 Date Dethal De CR. You are required to: (a) Record the transactions with regard to the issue of the shares in the General Journal of Peptom Ltd. (12 marks) (6) Prepare the company's statement of financial position extract at 31 October 2015 showing current assets, equity and reserves. (8 marks) B laner S eel, Non Curt Gouvo) - luovo Ceca - Ister Asuets