Question
The following is the account balances at 1 Jan 2019 $ Share Capital -Preference (6%, $100 par , non cumulative, 5,000 shares authorized) 500,000 Share
The following is the account balances at 1 Jan 2019
** your answers should include numerals only, no dollar sign ("$ "), no comma "," , eg five thousand dollars should be input as 5000, otherwise, no marks will be awarded If 2000 treasury shares was sold for $18,000 on 31 March 2019, the Share Premium-Treasury account balance at the end of 31 March 2019 was $ ___. If 2000 treasury shares was sold for $11,000 on 30 April 2019, Share Premium -Treasury account balance at the end of 30 April was $ .____ If remaining 1000 treasury shares was sold for $ 4,000 on 31 May 2019, Share Premium -Treasury account balance at the end of 31 May 2019 was $ ____. The retained earnings at the end of 31 May 2019 was $ _____ The total dividend for all the perference shares for the year was $ ____ If the account balances of Share Capital-Ordinary at 31 December 2019 was $2,000,000 and Share Premium-Ordinary was $1,025,000. The number of ordinary shares issued in year 2019 was , the issued price per share was $ and the total cash proceeds from issue of shares was $ ___ if all the shares are issued for cash. (Assumption: no other transactions took place) |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started