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Sources of Finance

Overnight Bamboo plc

Overnight Bamboo (1473) plc was formed with an authorised share capital of 142337 ordinary shares of £1 each. These shares were offered to the public on the following terms:

Total Ordinary Shares of £1 issued142337 
 
 SharesPremium
On application: 25p0.25 
On application: 40p premium 0.40
On allotment: 25p per share0.25 
First and final call: the balance of 50p per share0.50 

The following events then unfolded:

Total applications received193438
Applications rejected20932
Applications refunded30169

In respect of the applications rejected, the directors allotted shares to the remaining applicants pro rata to their applications.

Required:

Prepare the accounting entries to record the issue of the shares by Overnight Bamboo (1473) plc.

You can complete this task either by filling in the interactive form below or on paper using the printable worksheet. N.B. Do not insert commas or spaces between your figures in the boxes below.

Overnight Bamboo (1473) plc

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