|
|
Sources of Finance
Allotment of Shares - Answers
Task 1
| 01/01/2004 | Ordinary shares offered for sale | 23265 | 3.52 | |
| 31/01/2004 | Applications received for | 26265 | | 0.46 |
| 05/02/2004 | Allotment | 23265 | | |
See below for the application and allotment account to reflect these transactions.
Application and allotment a/c
| Dr | Cr |
| 01/01/2004 | Share Capital a/c | 81892.80 | |
| 31/01/2004 | Cash book: applicants' money | 12081.90 | |
| 05/02/2004 | Cash book: refund of oversubscriptions | | 1380.00 |
| 05/02/2004 | Balance c/d | | 92594.70 |
| | | 93974.70 | 93974.70 |
Task 2
| 01/01/2004 | Ordinary shares offered for sale | 12384 | 4.67 | |
| 31/01/2004 | Applications received for | 15384 | | 0.57 |
| 05/02/2004 | Allotment | 12384 | | |
See below for the application and allotment account to reflect these transactions.
Application and allotment a/c
| Dr | Cr |
| 01/01/2004 | Share Capital a/c | 57833.28 | |
| 31/01/2004 | Cash book: applicants' money | 8768.88 | |
| 05/02/2004 | Cash book: refund of oversubscriptions | | 1710.00 |
| 05/02/2004 | Balance c/d | | 64892.16 |
| | | 66602.16 | 66602.16 |
|
