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QUESTION 3: L01,5 (12 Marks) The following is an extract from the Statement of Financial Position for Sana Co before the bonus issue. The company
QUESTION 3: L01,5 (12 Marks) The following is an extract from the Statement of Financial Position for Sana Co before the bonus issue. The company decided to make a 9 for 3 bonus issue. Shareholders' equity $ $ Share Capital $ 0.5 ordinary share (fully paid) 12,000 Reserves: Share premium 25,400 Retained earning 33,700 59,100 71,100 A. Prepare the double entry to record the bonus issue of shares. (3 marks) B. Prepare the shareholders' equity section of the Statement of Financial Position after the bonus issue. (Extract) (9marks) 1
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