Question: P O WORDS POWERTO BY TINY QUESTION 22 3 points At 30 August 2019, the equity of Kangaroo Lid consisted of the following 100 000
P O WORDS POWERTO BY TINY QUESTION 22 3 points At 30 August 2019, the equity of Kangaroo Lid consisted of the following 100 000 ordinary shares issued at $1. paid to $0.80 S80 000 50 000 preference shares issued at $1.20, paid to 45 000 $0.90 Share issue costs (10 000) Retained carings (60 000) Total equity SS5000 On October, the company called for final payment on the issued ordinary shares and the holders of 80,000 shares made the payment that due ca 30 October On 10 November, the directors decided to forfeit the remaining 20,000 shares. On 15 November, the directors decided to reissue the 20,000 shares as fully paid for a consideration of 90 cents per share. By 30 November 2019, all monies were received. The cost of reissuing is $2,000. The constitution allows the company to retain hy balance in the forfeited shares account after reissue Required: Prepare general journal entries to record the above transactions of Kangaroo Ltd. Narrations are NOT required. For the toolbar, press ALT F10 (PC) or ALT+FN-F10 MM BI V5 Paragraph Aria 14px dit A Chicken and sunrctic All Allan GA Cound Save and MacBook Pro esc + # 3 $ 4 % 5 & 7 1 2 6 8 8 9 0
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