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.
Required
(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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Related Book For
Accounting
ISBN: 9780730382737
11th Edition
Authors: John Hoggett, John Medlin, Keryn Chalmers, Claire Beattie
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