Downunder Opals Ltd begins operations on 1 March by issuing 100 000 shares by private placement at

Question:

Downunder Opals Ltd begins operations on 1 March by issuing 100 000 shares by private placement at $$12$ per share. Journalise the issue of the shares.
Reasoning

Upon issuing shares at $$12,$ share capital is credited for $$12$ per share.

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