Sources of Finance
Helford Global plc - Printable Worksheet
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:
Print this page out and prepare the accounting entries to record the issue of the shares by Helford Global (8600) plc
Helford Global (8600) plc
| Bank a/c | Number | per share | |||
| Application and Allotment a/c | application | ||||
| Application and Allotment a/c | application premium | ||||
| Application and Allotment a/c | allotment | ||||
| First and Final Call a/c | call | ||||
| Application and Allotment a/c | allotment rejected: shares and premium | ||||
| Application and Allotment a/c | allotment refund: shares and premium | ||||
| Balance c/d | |||||
| Ordinary Share Capital a/c | Dr | Cr | |||
|---|---|---|---|---|---|
| Application and Allotment a/c | application | ||||
| Application and Allotment a/c | allotment | ||||
| First and Final Call | call | ||||
| Balance c/d | |||||
| Share Premium a/c | |||||
| Application and Allotment a/c | |||||
| Application and Allotment a/c | |||||
| Ordinary Share Capital a/c | |||||
| Ordinary Share Capital a/c | |||||
| Share Premium a/c | |||||
| Bank a/c | allotment rejected: shares and premium | ||||
| Bank a/c | application | ||||
| Bank a/c | application premium | ||||
| Bank a/c | allotment | ||||
| Bank a/c | allotment refund: shares and premium | ||||
| First and Final Call a/c | |||||
| Ordinary Share Capital a/c | |||||
| Bank a/c | |||||