Hopgood plc issues 500,000 ordinary shares of 50p each at a 10p premium. The issue is fully
Question:
Hopgood plc issues 500,000 ordinary shares of 50p each at a 10p premium. The issue is fully subscribed and paid for.
Show the journal entries required to record this share issue.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 0% (1 review)
Bank Ordinary sha...View the full answer
Answered By
Aysha Ali
my name is ayesha ali. i have done my matriculation in science topics with a+ . then i got admission in the field of computer science and technology in punjab college, lahore. i have passed my final examination of college with a+ also. after that, i got admission in the biggest university of pakistan which is university of the punjab. i am studying business and information technology in my university. i always stand first in my class. i am very brilliant client. my experts always appreciate my work. my projects are very popular in my university because i always complete my work with extreme devotion. i have a great knowledge about all major science topics. science topics always remain my favorite topics. i am also a home expert. i teach many clients at my home ranging from pre-school level to university level. my clients always show excellent result. i am expert in writing essays, reports, speeches, researches and all type of projects. i also have a vast knowledge about business, marketing, cost accounting and finance. i am also expert in making presentations on powerpoint and microsoft word. if you need any sort of help in any topic, please dont hesitate to consult with me. i will provide you the best work at a very reasonable price. i am quality oriented and i have 5 year experience in the following field.
matriculation in science topics; inter in computer science; bachelors in business and information technology
_embed src=http://www.clocklink.com/clocks/0018-orange.swf?timezone=usa_albany& width=200 height=200 wmode=transparent type=application/x-shockwave-flash_
4.40+
11+ Reviews
14+ Question Solved
Related Book For
Frank Woods Business Accounting Basics
ISBN: 9780273725008
1st Edition
Authors: Frank Wood, Mr David Horner
Question Posted:
Students also viewed these Business questions
-
Question 1 This question has two parts, (A) and (B). Answer both parts. 100% Liverpool plc is a company that manufactures a number of different types of electrical goods and has a year end of 31...
-
The draft statement of financial position of Telin plc at 30 September 20X5 was as follows: Preference shares of the company were originally issued at a premium of 2p per share. The directors of the...
-
You are required to answer the following five questions: (a) The share capital of Fogarino Ltd consists of 250,000 fully-paid ordinary (or equity) shares of 10 pence each, all of which were issued at...
-
A beam of 40-eV electrons traveling in the +x-direction passes through a slit that is parallel to the y-axis and 5.0wide. The diffraction pattern is recorded on a screen 2.5 m from the slit. (a) What...
-
The following transactions were incurred by Mooney Fabricators during January, the first month of its fiscal year. Requirements 1. Record the proper journal entry for each transaction. a. $210,000 of...
-
Consider a conducting wire having a shape of a hexagon carries a current that flows in an anti-clockwise manner when viewed from the above. What is the direction of the magnetic field at the center...
-
Acetic acid is esterified in the liquid phase with ethanol at \(373.15 \mathrm{~K}\) and \(1 \mathrm{~atm}\) pressure to produce ethyl acetate and water according to the reaction \[ \mathrm{CH}_{3}...
-
Twenty-five thousand shares reacquired by Pierce Corporation for $48 per share were exchanged for undeveloped land that has an appraised value of $1,700,000. At the time of the exchange, the common...
-
2. Bob wants to send a highly confidential message to Alice using public key cryptosystem. Bob encrypts his message using his own private key and sends the encrypted message to Alice. When Alice...
-
Woodbridge plc issues the following shares: 100,000 1.50 ordinary shares at a 25p premium 50,000 2 preference shares at face value. Show the journal entries required to record this share issue.
-
The following information relates to McCauley plc: Issued ordinary share capital: 500,000 50p shares Issued preference share capital: 50,000 6% 1 shares. Profits for the year were 18,543 and...
-
As the bookkeeper of Phil?s Plowing, you have been asked to complete the entire accounting cycle for Phil from the following information. Use the following chart of accounts. 1. Snow supplies on...
-
A lake contains fishes of n different species. A fisheries biologist catches fishes from the lake until she has caught one example from each species. Assuming that the probability of being caught is...
-
Journalize the following December transactions. Dec. 2 Dec. 5 Dec. 6 Dec. 7 Dec. 10 Dec. 12 Dec. 14 Dec. 17 Dec. 21 Dec. 24 Dec. 28 Dec. 30 Dec. 30 Dec. 31 C. d. e f. Received $275 as advance...
-
A survey was taken on how much trust people place in the information they read on the Internet. The data was shown as follows M S M A M M M M M H M M H M A M A M M M H M H M M M M (ii) Construct a...
-
Let G be a graph which is connected (so you can go from any vertex to any other along the edges). Assume that G has no double edges (there is at most one edge between any two vertices) and no edge...
-
Often in the financial media, you will hear people make reference to specific times of the week, month, or year that typically provide bullish or bearish conditions. One of the historical realities...
-
A uniform soda can of mass 0.140 kg is 12.0 cm tall and filled with 0.354 kg of soda (Figure).Then small holes are drilled in the top and bottom (with negligible loss of metal) to drain the soda....
-
For the given transfer function: Vo(s) / Vi(s) = (s^2C^2R^2 + 1) / (s^2C^2R^2 + 4sCR + 1) Assumiing that 1/(CR) = 120 PI so write the matlab code to find the magnitude plot
-
Discuss the distribution center concept. Is this likely to eliminate the storing function of conventional wholesalers? Is it applicable to all products? If not, cite several examples.
-
Clearly differentiate between a warehouse and a distribution center. Explain how a specific product would be handled differently by each.
-
If a retailer operates only from a website and ships all orders by UPS, is it freed from the logistics issues that face traditional retailers? Explain your thinking.
-
3. Range Queries Over M-Tree, prove the pruning strategy for the range query below (Hint: use the triangle inequality) [30 points]: If d(Op, Q)-d(Or, Op)>r(Q)+r(Or), then d(Or, Q)> r(Q) +r(Or) holds...
-
Create an interface named Shape which has the following abstract methods. Recall that abstract methods do not have an implementation when you define them. Only the classes that implement the...
-
Write an ASM program that reads a value for the variable little Endian and then uses a sequence of MOV instructions to fill the array bigEndian with the bytes of little Endian in reverse order. For...
Study smarter with the SolutionInn App