Question
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
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
Step by Step Solution
3.57 Ratings (7 Votes)
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Financial Statement Analysis
Authors: K. R. Subramanyam, John Wild
11th edition
978-0078110962
