Question
Raja company issued 600 shares of $20 par value ordinary shares and 200 shares of $40 par value preference shares for a lump sum of
Raja company issued 600 shares of $20 par value ordinary shares and 200 shares of $40 par value preference shares for a lump sum of $32,000. The ordinary shares have a market value of $40 per share, and the preference shares have a market value of $80 per share. Prepare journal entry (use proportional method)
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The Politics Of Internal Auditing
Authors: Dr. Larry Rittenberg, Patty Miller
1st Edition
0894139053, 978-0894139055
