Page 43 - Ebook Financial Accounting 3
P. 43
Answer
Question 2.1
Application
Dr. Bank (650,000 x RM0.40) 260,000
Cr. Application 260,000
Dr. Application (100,000 x RM0.40) 40,000
Cr. Bank 40,000
Dr. Application (500,000 x RM0.40) 200,000
Cr. Ordinary Share 200,000
Allotment
Dr. Allotment (500,000 x RM0.40) 200,000
Cr. Application 200,000
Dr. Application 20,000
Cr. Allotment 20,000
Dr. Bank 180,000
Cr. Allotment 180,000
First Call
Dr. First Call 200,000
Cr. Ordinary Share (500,000 x RM0.40) 200,000
Dr. Bank 203,500
Cr. Call in advanced 3,500
First Call 200,000
Final Call
Dr. Final Call 50,000
Cr. Ordinary Share (500,000 x RM0.10) 50,000
Dr. Call in advanced 3,500
Bank 46,500
Cr. Ordinary Share 50,000
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