Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please help me .. Please help me Q3. During the year 30 November 2021, Honey Bhd made a new issue of shares. The details of
Please help me .. Please help me
Q3. During the year 30 November 2021, Honey Bhd made a new issue of shares. The details of the issue were as follows: a) 100,000 no par value ordinary shares were issued payable in installments as follows: Application Allotment First Call Final call RM 0.20 RM 0.30 RM 0.40 RM 0.60 RM 1.50 b) Applications for 200,000 shares were received and it was decided to deal with them as follows: (1) To refund the money for 75,000 shares. (ii) To allot the remaining shares on the basis of 4 shares for every 5 shares applied for (iii) To set off the excess application monies against the allotment monies asked for. Required: Show the ledger entries to record all the above transactionsStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started