1. On 31 December 2020 a company's capital structure was as follows: Ordinary share capital OMR 7,500,000 shares of 0.500 baiza each. Share premium account OMR 70000 A. During the year ended 31 December 2020, the company made a rights issue of 2 share for every 4 held at OMR 1 per share and this was taken up in full. B. Later in the year, the company made a bonus issue of 3 share for every 6 shares held, using the share premium account for the purpose. Journalize the following transactions and show the working along with the abstract of balance sheet.

1. On 31 December 2020 a company's capital structure was as follows: Ordinary share capital OMR 7,500,000 shares of 0.500 baiza each. Share premium account OMR 70000 A. During the year ended 31 December 2020, the company made a rights issue of 2 share for every 4 held at OMR 1 per share and this was taken up in full. B. Later in the year, the company made a bonus issue of 3 share for every 6 shares held, using the share premium account for the purpose. Journalize the following transactions and show the working along with the abstract of balance sheet.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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plz solve!!!

1. On 31 December 2020 a company's capital structure was as follows:
Ordinary share capital OMR 7,500,000 shares of 0.500 baiza each.
Share premium account OMR 70000
A. During the year ended 31 December 2020, the company made a rights issue of 2 share for
every 4 held at OMR 1 per share and this was taken up in full.
B. Later in the year, the company made a bonus issue of 3 share for every 6 shares held,
using the share premium account for the purpose.
Journalize the following transactions and show the working along with the abstract of
balance sheet.

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