Beruflich Dokumente
Kultur Dokumente
Allotment
1. Applications received Dr Cr
for 140000 shares Cash Trust 75000
(including 10000 fully Application 75000
paid )
10000 x $1 = $10000
130000 x 0.50=$65000
4.Application = Dr Cr
Application 50 000
# of shares issued x
Share Capital 50 000
Application Fee
100000 x 0.50 = 50 000
Allotment 25 000
5.Allotment = Share Capital 25 000
# of shares issued x
Allotment Fee
100000 x 0.25 = 25 000
SOLUTION CONTINUED
6.Transfer Excess Applications
to Allotment & Call in Advance
Journal entry
Journal entry
8. Calls Made
Expected call = # of Dr Cr
shares issued x Call fee Call 25 000
100 000 x 0.25= 25 000 Share 25 000
Capital
SOLUTION CONTINUED
9. Transfer Calls in Journal entry
Advance to Call
Represented By:
Cash at Bank $99 900