The directors of Premium Shares Ltd offered 100 000 10% preference shares of $1 at $1.20 per
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The directors of Premium Shares Ltd offered 100 000 10% preference shares of $1 at $1.20 per share. All the shares were subscribed and paid for.
Required
Prepare journal entries to record the issue of the preference shares.
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To record the issue of 100000 10 preference shares of 1 at 120 per share for Premium Shares Ltd you ...View the full answer
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