APO XYZ SAOG issues 5,000,000 6% Redeemable preference stock with a par value of OMR 1 at a premium issue price of OMR 1.100 on 1st Jan 2019. Give journal entry and show statement of financial position assuming that the company has equity share capital of OMR 1,400,000, Land and Building OMR 500,000 and Heavy equipment of OMR 900,000 Q.No. 5 ABC SAOG has in issue 10 million, RO 1 equity share. The company decided to make a bonus issue in the ratio of 2 for 10 shares held. Prior to issue of bonus the company had following balance in its reserves and surplus: Share premium RO 1,000,000, General Reserve RO 1,000,000, Retained earnings Ro 5 million Revaluation surplus RO 2,500,000. The company has to use in priority share premium. 50% of General reserve and 10% of Retained earnings can be used for bonus shares. Journalize the entries and show its working and effect on items of Statement of Financial Position. Q.No. 6 RBC SAOG purchased a land from ABC estates in exchange for 100,000 shares of OMR 1 par value common stock. The land had a market value of OMR 120,000. Give necessary journal entries