York and Ganny Ltd issued a Prospective on 21 January for 10,000 ordinary share of no par value at Ghc500 each. The shares are payable as follows: nd 2 February Ghc100 is payable on Application th 4 February Ghc200 is payable on Allotment th st nd 10 February Ghc150 is payable on 1 Call th 28 February Ghc50 is payable on 2 final Call The issue was fully subscribed and all monies were duly received as they become due. Required: a) Show the ledger Entries (EV:9) b) Discuss how amount accrued from oversubscription would treated by the company if oversubscription had occurred (AN:7) c)Using practical example with figures, explain how Debenture issued at premium would be treated in the financial statement (EV:9) IOMAS