solution-e-learning-Q-7-Companies-1.docx

solution-e-learning-Q-7-Companies-1.docx - Assignment...

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Assignment Question: e- learning 7 solution sem1 2016 Teresa LTD General Journal 2015 24 Jan. Cash Trust 712 500 Application 712 500 Cash received on application ($2.50 per share from 285 000 ordinary shares). 25 Jan. Application 750 000 Allotment 750 000 Share Capital 1 500 000 Allotment of 300 000 shares (including to the underwriter: 15 000 shares). 25 Jan. Cash at Bank 712 500 Cash Trust 712 500 Transfer of cash. 15 Mar. Cash at Bank 68 000 Share Issue Costs (or Share Capital)
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