Question
Trial balance data is available for a company: Debit 000 Credit 000 Ordinary shares of 50p each 2,160.0 Share premium account 432.0 150,000 shares were
Trial balance data is available for a company:
|
| Debit 000 | Credit 000 |
| Ordinary shares of 50p each |
| 2,160.0 |
| Share premium account |
| 432.0 |
150,000 shares were issued during the year for 80p each. This has not yet been recorded.
Record the accounting entry in relation to the new share issue.
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Accounting for Governmental and Nonprofit Entities
Authors: Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus
15th Edition
ISBN: 978-0256168723, 77388720, 256168725, 9780077388720, 978-007337960
