Give entries in journal to record each of the following situations separately. Purchased of furniture& fixtures for Rs. 700,000 and issued 74,000 shares @ Rs. 10 each. Purchased Building for Rs. 320000 and issued 30000 shares at Rs. 10 each. The Co. issued 280,000 share @ Rs. 10 at Rs. 11.5 each on cash. Issued 8,000 11% 7 year debenture of Rs. 100 each issued at Rs. 120 each. Issued 5,000 12% 3 year debenture of Rs. 100 each issued at Rs. 94.5 each. Issued 3,000 10% 5 year debenture of Rs. 100 each repayable at Rs. 125 each.
Give entries in journal to record each of the following situations separately. Purchased of furniture& fixtures for Rs. 700,000 and issued 74,000 shares @ Rs. 10 each. Purchased Building for Rs. 320000 and issued 30000 shares at Rs. 10 each. The Co. issued 280,000 share @ Rs. 10 at Rs. 11.5 each on cash. Issued 8,000 11% 7 year debenture of Rs. 100 each issued at Rs. 120 each. Issued 5,000 12% 3 year debenture of Rs. 100 each issued at Rs. 94.5 each. Issued 3,000 10% 5 year debenture of Rs. 100 each repayable at Rs. 125 each.
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter14: Statement Of Cash Flows
Section: Chapter Questions
Problem 53P: Balance sheets for Brierwold Corporation follow: Additional transactions were as follows: a....
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Give entries in journal to record each of the following situations separately.
Purchased of furniture& fixtures for Rs. 700,000 and issued 74,000 shares @ Rs. 10 each.
Purchased Building for Rs. 320000 and issued 30000 shares at Rs. 10 each.
The Co. issued 280,000 share @ Rs. 10 at Rs. 11.5 each on cash.
Issued 8,000 11% 7 year debenture of Rs. 100 each issued at Rs. 120 each.
Issued 5,000 12% 3 year debenture of Rs. 100 each issued at Rs. 94.5 each.
Issued 3,000 10% 5 year debenture of Rs. 100 each repayable at Rs. 125 each.
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