Cash received on 770 000 shares December 7 Share Capital Dr 180 000 Call Cr 30

Cash received on 770 000 shares december 7 share

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(Cash received on 770 000 shares) December 7 Share Capital Dr 180 000 Call Cr 30 000 Forfeited Shares Liability Cr 150 000 (Forfeiture of 30 000 shares) December 15 Cash Dr 168 000 Forfeited Shares Liability Dr 12 000 Share Capital Cr 180 000 (Reissue of shares forfeited)
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December 16 Forfeited Shares Liability Dr 138 000 Cash Cr 138 000 (Refund to former shareholders) * Workings Allocation of money received on application No. of Shares applied for No. of Shares Allotted Money Received Application Allotment Call 200 000 200 000 1 200 000 600 000 400 000 200 000 1 000 000 800 000 3 000 000 2 400 000 600 000 - 1 200 000 1 000 000 $4 200 000 $3 000 000 $1 000 000 $200 000 Answer question 2.18 CEDAR LTD General Journal 2015 Nov 30 Cash Dr 35 200 Share Capital - B Ordinary Cr 35 200 (Issue of 11 000 B ordinary shares at a price of $3.20 under a 1 for 4 rights issue) 2015 Jan 16 Call -A Ordinary Dr 210 000 Share Capital - A Ordinary Cr 210 000
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(Call of $1.50 per share on 140 000 A Ordinary shares) Jan 31 Cash Dr 198 000 Call - A Ordinary Cr 198 000 (Cash received on call) Feb 5 Share Capital - A Ordinary Dr 32 000 Call - A Ordinary Cr 12 000 Forfeited Shares Reserve Cr 20 000 (Forfeiture and cancellation of 8 000 A ordinary shares) Mar 31 Cash Dr 72 000 Share Options Cr 72 000 (Issue of 60 000 options exercisable on 31 December 2007) 2017 Dec 31 Cash Dr 162 000 Share Capital - A Ordinary Cr 162 000 (Issue of 45 000 A ordinary shares at $3.60 on exercise of 45 000 options) Share Options Dr 72 000 Share Capital – A Ordinary Cr 54 000 Lapsed Options Reserve Cr 18 000 (Write-off of options exercised
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and lapsed)
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2018 Jan 31 Share Issue Costs/Share Capital Dr 3 400 Cash Cr 3 400 (Payment of share issue costs) 2019 June 30 Cash Trust Dr 100 000 Application - Debentures Cr 100 000 (Cash on 1000 $100 debentures payable in full on application) Application - Debentures Dr 100 000 Debentures Cr 100 000 (Issue of 1000 $100 debentures) Cash Dr 100 000 Cash Trust Cr 100 000 (Transfer from trust account) July 15 Debenture Issue Expenses Dr 2 100 Cash Cr 2 100 (Costs of debenture issue)
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  • Share capital, 1966, 1981, 1973, 1977

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