Allotment of Shares - Sources of Finance
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 |
Submitted by bized on Thu, 01/07/2004 - 12:00