Young Ltd was registered on 3 January 2016. The following private share issues were completed during the
Question:
Young Ltd was registered on 3 January 2016. The following private share issues were completed during the first year:
Required
(a) Journalise the transactions.
(b) Post to the Share Capital account. (Use T accounts.)
(c) Calculate the share capital at 31 December 2016.
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a Jan 10 Debit Cash 480000 Credit Share Capital 480000 Mar 1 Debit Cas...View the full answer
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Related Book For
Financial Accounting Reporting Analysis And Decision Making
ISBN: 9780730313748
5th Edition
Authors: Shirley Carlon, Rosina Mladenovic Mcalpine, Chrisann Palm, Lorena Mitrione, Ngaire Kirk, Lily Wong
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