Q#01) Afroz Ltd. issued Ordinary Shares (Rs. 25 par) during 2010, as noted below:

i) 10,000 shares of Rs. 30 each for cash.

ii) 4,000 shares of Rs. 20 each for cash.

iii) 5,000 shares for purchase of Machine (Market price of share being Rs. 30 each).

iv) 4,000 shares at par to the promoters, for services rendered.

v) 6,000 shares at par as Stock Dividend.

Required:

Give entries in the General Journal of the company to record the above transactions.