x! 10. - Shoc. SE Bows mot Los Sleere Preis - Gewera sa 1. less Practice question 6 & 7: Practice question 6: Practice question 71 X LLC had issued 4.000.000 equity shares of OMR each. The company has the following balanes, ANIC SAX declared for a busine The following is the abstract SOFT be the . General reserves OSTR 260.000 bunns i Share capitalisting of ordinary sharof RO Securities premium OMR 100.000 0.500 each, RO 2.000.000 Share Premium Account RO LOCO,000 Capital redemption resene OMR 140.000 Relation Reserve NO 1.500.000 Retained earnings OM 100.000 General Reserve RO 800.000 Retained Profits RO 5.000.000 The company resolved to issue bonus shares at share for every 4 shares held. The Company's policy for the purpose of scenunting for bonus issue is not so evaluation one The company has to use in priority securities premium. Whers retained profits should caly be used if other General Reserve can be used to an extent of RO 100,000 reserves are hosted only. State the journal entries required to account Journalize the entries and show its working and for the above transactions and prepare extract of the SOFT after bonus issue effect on items of SOFP Exercise 8 (Rights + Bonus issue) At 31 December 2017 a company's capital structure was as follows: Ordinary share capital (10,000,000 shares of aso bolsa each)RO 2,500,000 Share premium account RO 100,000 Legal Reserve account RO 200,000 Retained earnings RO 500,000 In the beginning of the year 2018 the company made a rights issue of share for every a held at RO 1 per share and this offer was taken up in full. The market value of the shares prior to right issue was RO 1.500. Soon after the right issue the company made a bonus issue of 1 share for every 5 held, using the sbare premium account for the purpose in priority. The company policy does not allow the legal reserves to be used for such purposes. Journalize the following transactions and show the working along with the abstract of SOFP only the equity purt. Also calculate the theoretical ex right price