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B made an issue of 150,000 $1 ordinary shares at a premium of 20% the proceeds of which is...

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B made an issue of 150,000 $1 ordinary shares at a premium of 20% the proceeds of which is received by cheque. What is the correct journal to record this? A. Bank Share capital Share premium B. Bank Share premium C. Bank Share capital D. Bank Share premium Share capital Dr $180,000 $180,000 $180,000 $150,000 Cr $150,000 $30,000 $180,000 $180,000 $30,000 $120,000

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Financial Statement Analysis

Financial Statement Analysis

ISBN: 978-0078110962

11th edition

Authors: K. R. Subramanyam, John Wild

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Posted Date: January 11, 2021 15:22:29
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