Question: DO NOT COPY PASTE OR USE CHEGG'S ANSWER.....ALSO TYPE THE ANSWER Pass necessary Journal Entries : On 01-03-2019, company forfeited 200 equity shares of $8
DO NOT COPY PASTE OR USE CHEGG'S ANSWER.....ALSO TYPE THE ANSWER
Pass necessary Journal Entries
: On 01-03-2019, company forfeited 200 equity shares of $8 each. Haidar did not pay $3 per share in respect of share final call. On 02-04-2019, company reissued forfeited shares at $7 per share which was purchased by Tabu
. On 10-07-2017, Company forfeited 350 equity shares of Alia of Face value of $10 each for non-payment of $3 per share on first call and $2 per share on second and the final call. On 12-8-2017, all 350 forfeited shares are reissued at $7 per share which were bought by Ranveer
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
