Question: Please solve D, E , F, G Extra Practice Question - Accounting for share issue a. During 2012 the following selected transactions affecting shareholders' equity

 Please solve D, E , F, G Extra Practice Question -
Please solve D, E , F, G

Extra Practice Question - Accounting for share issue a. During 2012 the following selected transactions affecting shareholders' equity occurred for Italy Company Ltd: 1 Feb Invited applications for 20 000 company shares. The shares were to be issued at $50 per share, payable $32 on application, $15 on allotment and the remaining $3 at call. By 25 February, applications for 22 000 shares had been received. b. 5 Mar Directors resolved to allot the shares, with excess monies returned to unsuccessful applicants. 31 Mar Allotment monies were received in full d. 25 Apr Directors make a call on shareholders for the remaining $3. 30 May Calls are received from all shareholders except one, the holder of a parcel of 7000 shares. The directors forfeit the shares. f. 30 Jun The company reissues the forfeited shares for $50 per share, requiring payment of $46 per share and the monies are received in full. 30 Jul The remaining funds are refunded to the original holder of the forfeited shares. C. e. Required: Give the journal entries for each of the transactions

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