Pass necessary Journal Entries: On 01-03-2019, company forfeited 200 equity shares of $8 each. Haidar...

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Pass necessary Journal Entries: • On 01-03-2019, company forfeited 200 equity shares of $8 each. Haidar did not pay $3 per share in respect of share final call. On 02-04-2019, company reissued forfeited shares at $7 per share which was purchased by Tabu. • On 10-07-2017, Company forfeited 350 equity shares of Alia of Face value of $10 each for non-payment of $3 per share on first call and $2 per share on second and the final call. On 12-8-2017, all 350 forfeited shares are reissued at $7 per share which were bought by Ranveer. Pass necessary Journal Entries: • On 01-03-2019, company forfeited 200 equity shares of $8 each. Haidar did not pay $3 per share in respect of share final call. On 02-04-2019, company reissued forfeited shares at $7 per share which was purchased by Tabu. • On 10-07-2017, Company forfeited 350 equity shares of Alia of Face value of $10 each for non-payment of $3 per share on first call and $2 per share on second and the final call. On 12-8-2017, all 350 forfeited shares are reissued at $7 per share which were bought by Ranveer.

Answer rating: 100% (QA)

Joumal Date Particubals 2019 March i 16 00 bhare copi... View the full answer