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Question 1A: Kohinoor Company Ltd. completed the following transactions. The par value of company's share is Rs.10 each. March 23: Issued 6,000 shares at par
Question 1A: Kohinoor Company Ltd. completed the following transactions. The par value of company's share is Rs.10 each. March 23: Issued 6,000 shares at par each to the promoters of the company. April 09: Purchased an equipment costing Rs.52, 000, issuing 3, 250 shares at Rs. 10 each. June 10: Issued 3,000 shares of Rs.10 each for equipment purchased worthRs.28,500. Instructions: Give the journal entries to record the above issuance
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