FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

pls solve this one Monika Ltd issued 3000 shares of 10 each of the following terms. z2 on application 3 on Allotment 1 on Ist

image text in transcribed

pls solve this one

Monika Ltd issued 3000 shares of 10 each of the following terms. z2 on application 3 on Allotment 1 on Ist Call Balance on 2 nd and final calls 3200 share were applied for 3000 shares were accepted by the directors and the Balance reas rejected Allotment money ruas duly recived and Ist call money on shares. Pass the nersary journal entries in the Boo of the company

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Foreign Corrupt Practices Act Compliance Guidebook Protecting Your Organization From Bribery And Corruption

Foreign Corrupt Practices Act Compliance Guidebook Protecting Your Organization From Bribery And Corruption

Authors: Martin T. Biegelman, Daniel R. Biegelman

1st Edition

0470527935, 978-0470527931

More Books

Students also viewed these Accounting questions

Question

★★★★★
What are the two major types of depreciation?

Answered: 1 week ago

Question

★★★★★
Discuss the future of the specialty shop if producers place greater emphasis on mass selling because of the inadequacy of retail order-taking.

Answered: 1 week ago

Question

★★★★★
6. If these questions were asked today, would you expect the responses to be similar to those reported here or would you expect them to differ substantially? What elements, if any, go into a Canadian...

Answered: 1 week ago

Question

★★★★★
On January 1, 2007 Doe Company purchased 3,000 of the 10,000 common shares outstanding of the Ray Company for $15 per share and obtained significant influence. Doe amortizes its patents over 10...

Answered: 1 week ago

Question

★★★★★
Complete the first month of the amortization schedule for a fixed-rate mortgage. Mortgage: $118,000 Interest rate: 8.5% Term of loan: 20 years

Answered: 1 week ago

Question

★★★★★
Problem 12-13 Economic income Consider the following project: 0 -115 1 0 Period 2 80.55 Net cash flow 3 93.90 The internal rate of return is 18%. The NPV, assuming a 18% opportunity cost of capital,...

Answered: 1 week ago

Question

★★★★★
TFS is trading at $50 / share.It has no dividend and the current cc interest rate is 4%.What is the 2 month forward price? TFS is still trading at $50 / share and the cc interest rate r =...

Answered: 1 week ago

Question

★★★★★
You have received detailed feedback on the concept you proposed for assignment 1. Based on that feedback and based on the concept of Minimum Viable Product - MVP you must rethink and sharpen your...

Answered: 1 week ago

Question

★★★★★
Morgan's Selling Price 135 Process 1 Process 2 Fixed Cost 110,000 45,000 Variable Cost. 40 100 Labor Hours / unit 4 10 Suppose that Morgan is going to produce at 1300 units and would choose Process...

Answered: 1 week ago

Question

★★★★★
From the movie Everest, Guide Rob Hall attempts to help his client, Beck Weathers, get across a chasm. Based on "Leading in Times of Uncertainty, analyze the extent to which this scene reflects...

Answered: 1 week ago

Question

★★★★★
3. The book uses 4 synonyms for the average of the outcome if you played a game over and over. The four synonyms are? 1. Variance 2. Semivariance 3. Systematic distributions 4. Asystematic...

Answered: 1 week ago

Question

★★★★★
Wan Yu Tang purchased a cell phone plan from Endless Journey Wireless. His first monthly invoice for service totaled $65, which included a $15 roaming charge.Without understanding the meaning of a...

Answered: 1 week ago

Question

★★★★★
You are the owner of Jimmys Electric, a small electrical construction company. Because of reduction of building in the area, it is necessary that you terminate Milton Youngs employment. He is an...

Answered: 1 week ago

Question

★★★★★
Wallenda Jorgenson is in the real estate market to buy a home. She has been attending open houses on her own and has found a house that she wants to buy. She has asked Daniel Thompson,a real estate...

Answered: 1 week ago

Previous Question Next Question