Propco Limited was incorporated with a share capital consisting of 500 000 4% preference shares and 2 000 000 ordinary shares of N$2. The incorporators took and paid for 100 000 ordinary shares at 50 cents each. Four years later, the remaining shares were offered to the public: the preference shares for N$1 each and the ordinary shares for N$2.50 cents each. The issue was underwritten for a commission of 2%. A total of 600 000 preference shares and 1 500 000 ordinary shares were applied for and the available shares were allotted and the necessary refunds made. The terms of the underwriting agreement were implemented.  How to record the above transactions in the general journal of Propco Limited?

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Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.