Exercise 3 June 1: Atletic Co. Ltd recorded an authorized capital of 200,000 shares with par or face value of $2. June 10: The Company issued 60% of the shares at their par value. June 15: Applications were invited for all the issued shares to be fully paid on application. June 25: The Company received applications for 150,000 shares. June 30: The Company refunded the excess applications received. Required Prepare the general journal entries to record the above transactions.
Exercise 3 June 1: Atletic Co. Ltd recorded an authorized capital of 200,000 shares with par or face value of $2. June 10: The Company issued 60% of the shares at their par value. June 15: Applications were invited for all the issued shares to be fully paid on application. June 25: The Company received applications for 150,000 shares. June 30: The Company refunded the excess applications received. Required Prepare the general journal entries to record the above transactions.
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter1: Accounting And The Financial Statements
Section: Chapter Questions
Problem 41E: Exercise 1-41 Stockholders Equity OBJECTIVE o On January 11 2019, Mulcahy Manufacturing Inc., a...
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please answer this question by preparing the general journal entry to record the above transaction is need this answer for my assignment I am a new accounting student so I need the general journal entry all
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