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Sources of Finance

Helford Global plc

Helford Global (8600) plc was formed with an authorised share capital of 139,818 ordinary shares of £1 each. These shares were offered to the public on the following terms:

Total Ordinary Shares of £1 issued	139818

	Shares	Premium
On application: 25p	0.25
On application: 32p premium		0.32
On allotment: 25p per share	0.25
First and final call: the balance of 50p per share	0.50

The following events then unfolded:

Total applications received	209830
Applications rejected	22405
Applications refunded	47607

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 Helford Global (8600) 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.

Helford Global (8600) plc

Now look at the answers page...

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