Question 3 The following is the account balances at 1 jan 2021 Share Capital -Preference (5%,...
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Question 3 The following is the account balances at 1 jan 2021 Share Capital -Preference (5%, $100 par, non cumulative, 5,000 shares authorized) Share Capital-Ordinary ($55 stated value, 300,000 shares authorized) Share Premium - Preference Share Premium Ordinary 500,000 1,000,000 20,000 425,000 0 16 out of 32 points Share Premium Treasury Retained Earnings Treasury Shares-Ordinary (5,000 shares) your answers should include numerals only, no dollar sign ("s "), no comma " otherwise, no marks will be awarded 467,000 40,000 eg five thousand dollars should be input as 5000, If 2000 treasury shares was sold for $19,000 on 31 March 2021, the Share Premium-Treasury account balance at the end of 31 March 2021 was $ (A) If 2000 treasury shares was sold for $11,000 on 30 April 2021, Share Premium -Treasury account balance at the end of 30 April was $ [B] If remaining 1000 treasury shares was sold for $4,000 on 31 May 2021, Share Premium -Treasury account balance at the end of 31 May 2019 was $ [C]. The retained earnings at the end of 31 May 2021 was $ [D] The total dividend for all the perference shares for the year was $ [E]. If the account balances of Share Capital-Ordinary at 31 December 2021 was $2,000,000 and Share Premium-Ordinary was $1,225,000. The number of ordinary shares issued in year 2021 was [F], the issued price per share was $[G] and the total cash proceeds from issue of shares was 5 [H] if all the shares are issued for cash. (Assumption: no other transactions took place) Question 3 The following is the account balances at 1 jan 2021 Share Capital -Preference (5%, $100 par, non cumulative, 5,000 shares authorized) Share Capital-Ordinary ($55 stated value, 300,000 shares authorized) Share Premium - Preference Share Premium Ordinary 500,000 1,000,000 20,000 425,000 0 16 out of 32 points Share Premium Treasury Retained Earnings Treasury Shares-Ordinary (5,000 shares) your answers should include numerals only, no dollar sign ("s "), no comma " otherwise, no marks will be awarded 467,000 40,000 eg five thousand dollars should be input as 5000, If 2000 treasury shares was sold for $19,000 on 31 March 2021, the Share Premium-Treasury account balance at the end of 31 March 2021 was $ (A) If 2000 treasury shares was sold for $11,000 on 30 April 2021, Share Premium -Treasury account balance at the end of 30 April was $ [B] If remaining 1000 treasury shares was sold for $4,000 on 31 May 2021, Share Premium -Treasury account balance at the end of 31 May 2019 was $ [C]. The retained earnings at the end of 31 May 2021 was $ [D] The total dividend for all the perference shares for the year was $ [E]. If the account balances of Share Capital-Ordinary at 31 December 2021 was $2,000,000 and Share Premium-Ordinary was $1,225,000. The number of ordinary shares issued in year 2021 was [F], the issued price per share was $[G] and the total cash proceeds from issue of shares was 5 [H] if all the shares are issued for cash. (Assumption: no other transactions took place)
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