Question: Question 6 (6 points) Bloom Ltd required additional equity funding. To reduce the risks associated with the rights issue, Bloom Ltd appointed an underwriter to

 Question 6 (6 points) Bloom Ltd required additional equity funding. To

Question 6 (6 points) Bloom Ltd required additional equity funding. To reduce the risks associated with the rights issue, Bloom Ltd appointed an underwriter to help with the issue of the renounceable rights offer. The cost of drafting the prospectus comprised $12,100 (GST inclusive) in legal fees, which were paid Rn the day of application closure. Bloom Ltd sent out details of the rights issue to existing shareholders on 1 July 2023 and offered existing shareholders the right to acquire an additional share in Bloom Ltd for $3.00 per share. The shares were to be fully paid on application, and all applications had to be recovered by 10 September 2023 . The total shares on offer through the rights issue were 15 million. By 10 September 2023, applications had been received for 13 million shares, meaning that the underwriter was responsible for acquiring the remaining 2 million shares. The shares were issued on 17 September 2023 , with this also being the date on which amounts due from the underwriter were received. Required: Provide the journal entries necessary to account for the above transactions and events. Round double entries to a full dollar. GST needs to be accounted for, but narrations are not required. You are not required to use all the available rows

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