May 10 10 000 shares at 55 per share were offered to the public, with payment in
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May 10 10 000 shares at €55 per share were offered to the public, with payment in full required upon application. This offering was over-subscribed with payments for 15 000 shares received. The 10 000 shares were issued, and the unsuccessful applications were refunded, on 20 June 2016. On the same date, another 15 000 shares were placed with major investors at €55 per share, with payment received on the same date.
In this transaction, is there a journal entry for this? Or none? Cause it happened on different date?
Related Book For
Accounting
ISBN: 978-1118608227
9th edition
Authors: Lew Edwards, John Medlin, Keryn Chalmers, Andreas Hellmann, Claire Beattie, Jodie Maxfield, John Hoggett
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