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please solve these accounting questions for me please, I will give a like as soon as I saw the answer QUESTION 7 During its first
please solve these accounting questions for me please, I will give a "like" as soon as I saw the answer
QUESTION 7 During its first year of operations, Moon Ltd invited the public to subscribe to the issue of 21,500 shares for $8 per share: $4.30 payable on application $2.90 on allotment Applications closed and shares were allotted on 1 July. All allotment money was received by 31 July. The remaining capital of $0.80 per share is called on 1 December and all call money was received by 31 December. Required Journalise the transactions to record: a) the application by investors b) the allotment of shares on 1 July and the receipt of allotment money received by 31 July. (Enter debit entries first followed by credit entries.Please include Dr and Cr as appropriate. Narrations are not required)Step by Step Solution
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