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Susie Systems Ltd completed the following share issue transactions: May 19 Issued 2 000 ordinary shares for cash of $9.50 per share. Jun 3 Issued

Susie Systems Ltd completed the following share issue transactions:

May 19 Issued 2 000 ordinary shares for cash of $9.50 per share.

Jun 3 Issued 3 000 preference shares for $15 000 cash.

Jun 11 Received equipment with market value of $78 000 in exchange for the issue of 6 000

ordinary shares.

Requirements

1 Journalise the transactions. Explanations arent required.

2 How much paid-up capital did these transactions generate for Susie Systems Ltd?

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