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Q1: The extraordinary general assembly of a joint stock company decided to liquidate the company, and its financial position on the date of the liquidation

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Q1: The extraordinary general assembly of a joint stock company decided to liquidate the company, and its financial position on the date of the liquidation were as shown in the following table: Assets Liabilities Fix Assets 6,500,000 5,000,000 Issued and authorized capital (50,000 shares with a par value of 100 BHD per share) Current Assets 5,200,000 Reserves 4,000,000 Bank 300,000 Creditors 3,000,000 Total Assets 12,000,000 Total liabilities 12,000,000 It was liquidated as follows: Fixed assets were sold for 7,100,000 BHD. liquidator obtained from the current assets the amount of 6,200,000 BHD. Liquidation expenses and liquidator fees amounted to 100,000 BHD. . Do the necessary entries? Prepare the following accounts: liquidation account, shareholders account, the bank? How much each share get from the net result of the liquidation

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