Question: (25 MARKS) QUESTION 3 Miranda Berhad issues 1,000,000 no-par value ordinary shares for cash at RM4.00 per share. The following were the related transaction for

(25 MARKS) QUESTION 3 Miranda Berhad issues 1,000,000 no-par value ordinary

(25 MARKS) QUESTION 3 Miranda Berhad issues 1,000,000 no-par value ordinary shares for cash at RM4.00 per share. The following were the related transaction for Miranda Berhad. 2 October 2019 A prospectus is issued to the public inviting subscription of shares payables in full upon application. 18 November 2019 All shares are fully subscribed with the application money received on that date. 30 November 2019 The shares are allotted to successful applicants. The cost of share issue is RM300,000. Required: Prepare the journal entries relating to the issuance of shares of Miranda Berhad. (8 marks) (CLO3:PLO2:03) Prepare an extract of the Statement of Financial Position as at 31 December 2019 showing the shareholder's equity section of Miranda Berhad. (4 marks) (CLO3:PLO2:03)

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