The directors of Outback Ltd decided to issue 200 000 ordinary shares. Required (a) Prepare journal entries

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The directors of Outback Ltd decided to issue 200 000 ordinary shares.

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(a) Prepare journal entries (in general journal form) to record the issue of shares as a private placement to Rural Ltd for $15 per share payable in full.

(b) Prepare journal entries (in general journal form) to record the issue of shares to the public at $18 per share payable in full.

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Accounting

ISBN: 9780730382737

11th Edition

Authors: John Hoggett, John Medlin, Keryn Chalmers, Claire Beattie

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Question Posted: Apr 25, 2024 06:00 AM

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The directors of Outback Ltd decided to issue 200 000 ordinary shares. Required (a) Prepare journal entries

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Accounting

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