On 1 September Year 2 Big Glove Bhd decided to raise its capital by offering 300,000...

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On 1 September Year 2 Big Glove Bhd decided to raise its capital by offering 300,000 ordinary shares of RM 1650 al value a price of RM 2ine per share payable as follows: the & nominal (value) Per share Guy Year 2 Sept 1 Application, including premium RM 0.50 24 Allotment Oct 1 First Call Nov 1 Second And Final Call The applications were closed on 8 September Year 2. On that day, applications for -600,000 shares had been received and were dealt with as follows: RM 1.00 0.50 0.30 0.20 2.00 (i) To allot the shares to the applicants for the first 400,000 shares pro rata to their equal portions original applications, and the balance of application monies was applied to the amount due on allotment; 0.50 < ordinary thirts per viber) ( 0.50 (pm) (ii) The cash paid by unsuccessful applicants was returned to them at the date of allotment.) - Sept 8 or maybe Sept 24. EM 50.000 The balance of allotment monies was received on 30 September Year 2. The remaining requested instalments were all paid in full. (c) Second And Final Call; (d) Bank; You are required to prepare the following accounts in the books of Big Glove Bhd: (a) Application And Allotment; (b) First Call; (e) Ordinary Share Capital; (f) Share Premium. 22. On 1 September Year 2 Big Glove Bhd decided to raise its capital by offering 300,000 ordinary shares of RM 1650 al value a price of RM 2ine per share payable as follows: the & nominal (value) Per share Guy Year 2 Sept 1 Application, including premium RM 0.50 24 Allotment Oct 1 First Call Nov 1 Second And Final Call The applications were closed on 8 September Year 2. On that day, applications for -600,000 shares had been received and were dealt with as follows: RM 1.00 0.50 0.30 0.20 2.00 (i) To allot the shares to the applicants for the first 400,000 shares pro rata to their equal portions original applications, and the balance of application monies was applied to the amount due on allotment; 0.50 < ordinary thirts per viber) ( 0.50 (pm) (ii) The cash paid by unsuccessful applicants was returned to them at the date of allotment.) - Sept 8 or maybe Sept 24. EM 50.000 The balance of allotment monies was received on 30 September Year 2. The remaining requested instalments were all paid in full. (c) Second And Final Call; (d) Bank; You are required to prepare the following accounts in the books of Big Glove Bhd: (a) Application And Allotment; (b) First Call; (e) Ordinary Share Capital; (f) Share Premium. 22.

Answer rating: 100% (QA)

a Application and Allotment Share application amount 300000 shares RM 150 per share RM 450000 Share premium 300000 shares RM 050 per share RM 150000 D... View the full answer