Page 44 - Ebook Financial Accounting 3
P. 44
ii)
Lautan Luas Berhad
Statement of Financial Position
Non-current Asset
Bank RM650,000
Issued and paid-up share capital
500,000 Ordinary Share RM650,000
Question 2.2
Application
Dr. Bank (600,000 x RM0.80) 480,000
Cr. Application 480,000
Dr. Application (450,000 x RM0.80) 360,000
Cr. Ordinary Share 360,000
Dr. Application (50,000 x RM0.80) 40,000
Cr. Bank 40,000
Allotment
Dr. Allotment (450,000 x RM0.70) 315,000
Cr. Application 315,000
Dr. Application 80,000
Cr. Allotment 80,000
Dr. Bank 235,000
Cr. Allotment 235,000
First Call
Dr. First Call 135,000
Cr. Ordinary Share (450,000 x RM0.30) 135,000
Dr. Bank 138,000
Cr. First Call 135,000
Call in advance 3,000
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