RS 12393020 XMy Grades-CRS. 123935.201852 X https//www.chegg.com/homework-help/questions-and-answers/patterson-ltd-registered-18-march 2017-con board Learm Sign in to your accouUoN Secure Login Imported From Edge O University of Newcas Schedule /Oceanic Pro LeagueX M Inbox (267 Chegg Study TEXTBOOK SOLUTIONS EXPERT ORA home / study /business/ accounting/accounting questions and answers/patterson l td was registered on 18 march 2017 a Question: Patterson Ltd was registered on 18 March 2017, as a Patterson Ltd was registered on 18 March 2017, as a company with a constitution limiting the shares that could be offered to; 4 000 000 Ordinary A shares and 2 000 000 non-voting Ordinary B shares. The company issued a prospectus dated 12 May inviting the public to apply for 3 000 000 Ordinary A class shares at S2.50 per share. The terms of the shares on issue are $1.00 on application, S1.00 on allotment and S0.50 to be called within six months of allotment. If the issue is oversubscribed the directors will make any refunds will be given. On 15 May the directors also decided to issue 1 000 000 non voting Ordinary B a pro-rata issue of shares and the excess application money will be applied to allotment and calls before shares as fully paid to the promoters for a payment of $2.00 per share. On 30 June applications closed Applications for 4 500 000 shares in total had been received with applicants for 1 500 000 shares paying $2.50 and the remainder paying only the application fee. On 4 July the shares were allotted, with all allotment money owed, paid by the 30 July. On 22 July share issue costs of $35,000 for the Ordinary A shares. The share issue costs related to legal expenses associated with the share issue and fees associated with the drafting and advertising of the prospectus and share issue The call on the Ordinary A shares was made on 25 August and due by 30 September. All call money was received except for the call on 20 000 reissued at S2.20 fully paid to $2.50. Costs associated with reissuing the forfeited shares totalled $8,00o. November that they were to make a further issue of 1 000 000 Ordinary A shares in 8 months time for shares. The directors met and forfeited t he shares on 8 October. On 23 October the S2.50 shares were The money was refunded to the defaulting shareholders on 10 November. The directors announced on 23 $4.00 per share. They issued a call option on these shares, with 50.60 payable by 15 December All options were sold. Required: a) Prepare a schedule for the Ordinary A share issue that shows the break-up of e number of shares applied for rumber of shares allotted total cash received . cash received that relates to application cash recelived that relates to allotment RS 12393020 XMy Grades-CRS. 123935.201852 X https//www.chegg.com/homework-help/questions-and-answers/patterson-ltd-registered-18-march 2017-con board Learm Sign in to your accouUoN Secure Login Imported From Edge O University of Newcas Schedule /Oceanic Pro LeagueX M Inbox (267 Chegg Study TEXTBOOK SOLUTIONS EXPERT ORA home / study /business/ accounting/accounting questions and answers/patterson l td was registered on 18 march 2017 a Question: Patterson Ltd was registered on 18 March 2017, as a Patterson Ltd was registered on 18 March 2017, as a company with a constitution limiting the shares that could be offered to; 4 000 000 Ordinary A shares and 2 000 000 non-voting Ordinary B shares. The company issued a prospectus dated 12 May inviting the public to apply for 3 000 000 Ordinary A class shares at S2.50 per share. The terms of the shares on issue are $1.00 on application, S1.00 on allotment and S0.50 to be called within six months of allotment. If the issue is oversubscribed the directors will make any refunds will be given. On 15 May the directors also decided to issue 1 000 000 non voting Ordinary B a pro-rata issue of shares and the excess application money will be applied to allotment and calls before shares as fully paid to the promoters for a payment of $2.00 per share. On 30 June applications closed Applications for 4 500 000 shares in total had been received with applicants for 1 500 000 shares paying $2.50 and the remainder paying only the application fee. On 4 July the shares were allotted, with all allotment money owed, paid by the 30 July. On 22 July share issue costs of $35,000 for the Ordinary A shares. The share issue costs related to legal expenses associated with the share issue and fees associated with the drafting and advertising of the prospectus and share issue The call on the Ordinary A shares was made on 25 August and due by 30 September. All call money was received except for the call on 20 000 reissued at S2.20 fully paid to $2.50. Costs associated with reissuing the forfeited shares totalled $8,00o. November that they were to make a further issue of 1 000 000 Ordinary A shares in 8 months time for shares. The directors met and forfeited t he shares on 8 October. On 23 October the S2.50 shares were The money was refunded to the defaulting shareholders on 10 November. The directors announced on 23 $4.00 per share. They issued a call option on these shares, with 50.60 payable by 15 December All options were sold. Required: a) Prepare a schedule for the Ordinary A share issue that shows the break-up of e number of shares applied for rumber of shares allotted total cash received . cash received that relates to application cash recelived that relates to allotment