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Student Name: Thi Thao Nguyen Nguyen (Stephanie)Student ID: 44139012Class: ACCG923, 9am – 12am WednesdayACCG923HOMEWORK WEEK 3Chapter 2:Financing company operations – Accounting for share capital and debenturesREVIEW QUESTIONS:RQ 2. Describe the purpose of each of the ledger accounts used to record the issue of shares.RQ 5 When can company forfeit its shares? What happens to money already paid by theholder of those shares?RQ 8 What is a private placement of shares? What are the advantages and disadvantages of aprivate placement?