On 1 September Year 2 Big Glove Bhd decided to raise its capital by offering 300,000...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
On 1 September Year 2 Big Glove Bhd decided to raise its capital by offering 300,000 ordinary shares of RM 1650 al value a price of RM 2ine per share payable as follows: the & nominal (value) Per share Guy Year 2 Sept 1 Application, including premium RM 0.50 24 Allotment Oct 1 First Call Nov 1 Second And Final Call The applications were closed on 8 September Year 2. On that day, applications for -600,000 shares had been received and were dealt with as follows: RM 1.00 0.50 0.30 0.20 2.00 (i) To allot the shares to the applicants for the first 400,000 shares pro rata to their equal portions original applications, and the balance of application monies was applied to the amount due on allotment; 0.50 < ordinary thirts per viber) ( 0.50 (pm) (ii) The cash paid by unsuccessful applicants was returned to them at the date of allotment.) - Sept 8 or maybe Sept 24. EM 50.000 The balance of allotment monies was received on 30 September Year 2. The remaining requested instalments were all paid in full. (c) Second And Final Call; (d) Bank; You are required to prepare the following accounts in the books of Big Glove Bhd: (a) Application And Allotment; (b) First Call; (e) Ordinary Share Capital; (f) Share Premium. 22. On 1 September Year 2 Big Glove Bhd decided to raise its capital by offering 300,000 ordinary shares of RM 1650 al value a price of RM 2ine per share payable as follows: the & nominal (value) Per share Guy Year 2 Sept 1 Application, including premium RM 0.50 24 Allotment Oct 1 First Call Nov 1 Second And Final Call The applications were closed on 8 September Year 2. On that day, applications for -600,000 shares had been received and were dealt with as follows: RM 1.00 0.50 0.30 0.20 2.00 (i) To allot the shares to the applicants for the first 400,000 shares pro rata to their equal portions original applications, and the balance of application monies was applied to the amount due on allotment; 0.50 < ordinary thirts per viber) ( 0.50 (pm) (ii) The cash paid by unsuccessful applicants was returned to them at the date of allotment.) - Sept 8 or maybe Sept 24. EM 50.000 The balance of allotment monies was received on 30 September Year 2. The remaining requested instalments were all paid in full. (c) Second And Final Call; (d) Bank; You are required to prepare the following accounts in the books of Big Glove Bhd: (a) Application And Allotment; (b) First Call; (e) Ordinary Share Capital; (f) Share Premium. 22.
Expert Answer:
Answer rating: 100% (QA)
a Application and Allotment Share application amount 300000 shares RM 150 per share RM 450000 Share premium 300000 shares RM 050 per share RM 150000 D... View the full answer
Related Book For
Accounting For Cambridge International AS And A Level
ISBN: 9780198399711
1st Edition
Authors: Jacqueline Halls Bryan, Peter Hailstone
Posted Date:
Students also viewed these accounting questions
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
Prepare the journal entries to record these transactions of Princess Ltd. (Show all workings.) Answer the question in the space provided below. On 1 August 2018, Princess Ltd issued a prospectus...
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
An opera glass has an objective lens of focal length +3.60 cm and a negative eyepiece of focal length -1.20 cm. How far apart must the two lenses be for the viewer to see a distant object at 25.0 cm...
-
Transmission through thin layers in Figure light is incident perpendicularly on a thin layer of material 2 that lies between (thicker) materials 1 and 3. (The rays are tilted only for clarity.) Part...
-
Why is 5G not widely available?
-
The F statistic is the quotient of the sample ____________ . In Exercises 5 and 6, fill in each blank with the appropriate word or phrase.
-
Soft phonon mode consider a line of ions of equal mass but alternating in charge, with e p = e(?1) p as the charge on the pth ion the inter atomic potential is the sum of two contributions (1) a...
-
1. Was the removal of the Multi-Fiber Agreement a positive thing for the world economy? Why? 2. As a producer in a developing nation such as Bangladesh that benefited from the MFA agreement. how...
-
(a) A horizontal steel I-beam of cross-sectional area 0.041m2 is rigidly connected to two vertical steel girders. If the beam was installed when the temperature was 30oC, what stress is developed in...
-
The stacked dotplot compares life expectancies from a random sample of 5 countries from Asia and a random sample of 5 countries in Africa from 2015. Sample of African and Asian Countries Africa...
-
Review this brief and state any potential questions that could be asked to the client that is missing in the brief that could make a proper strategic marketing communications plan. Also develop a...
-
Siven 90 students in a class, write an algorithm to input five marks of each student: assignments, quizzes, mid-exam, final and project, finds the average of the five marks assuming all have the same...
-
A company's outstanding stock consists of the following: 20,000 shares of cumulative 10% preferred stock with a $10 par value. 150,000 shares of common stock with a $2 par value. During its first...
-
What is the importance of agile marketing in health care? Explain in details.
-
6.) A spring of spring constant 150 N/m is attached to the bottom of a beaker full of glycerin kg (density 1260 :). A 5 kg piece of wood (density : 630) is then attached to the other end of the...
-
3. The trial balance which she drew up was contained errors: MNC Company Trial Balance as at 30 April 2022 Dr. RM Bank overdraft Cash Fixtures and fittings at cost Accumulated depreciation Sales...
-
What are some of the possible sources of information about a company that could be used for determining the companys competitive stance?
-
The following information is available for Kanka Trading Ltd for the year ended 31 October 2014. Calculate for both wars: a. The dividend cover b. Earnings per share c. The price earnings ratio d....
-
A limited company has authorised share capital of: 500,000 ordinary shares of $0.50 each 200,000 5 percent preference shares of $1 each. The company had actually issued 80 percent of its ordinary...
-
A company manufactures a product. Information for the last two years is as follows. In both years, production has been at break-even level. What is the increase in production in year 2 compared with...
-
List the modifications of the standard audit report that normally do not result in a qualification, a disclaimer, or an adverse opinion.
-
When more than one auditor is involved in an audit of a company's financial statements, what two decisions about reporting must the principal auditor make?
-
What disclosure is made in the principal auditors' report if they decide to assume responsibility for other auditors' work? If they decide not to assume responsibility for other auditors' work?
Study smarter with the SolutionInn App