A company had decided to issue 5,000 equity shares of 100 Each at a premium of 10%
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A company had decided to issue 5,000 equity shares of ₹100 Each at a premium of 10% and utilize the proceeds to redeem 50,000 12% preference shares of ₹10 each at a premium of 5%. The New issue was fully subscribed and paid up. The preference shares were duly redeemed. Journalize.
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