Markers Ltd issued 1000 shares to the public at Sh 10 each payable as to sh....

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Markers Ltd issued 1000 shares to the public at Sh 10 each payable as to sh. 2.5 on application, Sh 5 on allotment and Sh 2.5 on first and final call. They received applications for 2000 shares of which they returned one half and then proceeded to allot the rest. Required: i) ii) Show the journal entries to record the issue Show the accounts as they would appear in Markers Ltd's books. Markers Ltd issued 1000 shares to the public at Sh 10 each payable as to sh. 2.5 on application, Sh 5 on allotment and Sh 2.5 on first and final call. They received applications for 2000 shares of which they returned one half and then proceeded to allot the rest. Required: i) ii) Show the journal entries to record the issue Show the accounts as they would appear in Markers Ltd's books.

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