QUESTION 4 a) Jones Limited issued prospectus on January 21, 2018, to raise additional 10,000 ordinary shares of par value of GH500 each for the company. The applications received from applicants were 15.000 . It was oversubscribed by 5,000 ordinary shares on March 28, 2018. On March 31, 2018, the company allotted shares to successful applicants and refunded the excess money. The shares are payable as follows: . March 1: GH100 is payable on application invited (i.e., sent to prospective investors) March 4: GH200 is payable on allotment March 12: GH150 is payable on 1st Call March 25: GH50 is payable on 2nd Call March 31: The company refunded the excess money to the applicant. The issue was fully subscribed and all monies were duly received as they were due. Required: a) Prepare Bank account and stated capital account as at December 31, 2018. b) Kofi Nti Limited issued 12% debenture at discount, redeemable in 4 years. The debenture was issued at GH97,000 on January 1, 2015, and it is redeemable at par. Required: Show the entries in the statement of comprehensive income and the statement of financial position as at: January 1, 2015 December 31, 2015 December 31, 2016 December 31, 2017 December 31, 2018