Fri May 24 10:3182 AM 0 = 12(b)Write the journal entry on 5 November 2022 when the call was made. (1 mark) 12 On 1 July 2022 ABC Ltd had share capital of $500,000, consisting of 100,000 ordinary shares originally issued at $5 each. . On 1 August 2022 a prospectus was issued for a new share issue of 200,000 shares at $7 each, where $2 is payable on application, $3 becomes payable when the shares are allotted and $2 becomes payable when the call is made. ⚫ The application money was received on 1 September 2022. There was an over- subscription, as the company received applications for 220,000 shares. . The 200,000 shares were allotted on 15 September 2022, and on the same day ABC refunded the unsuccessful investors their application money. • The allotment money was received on 5 October 2022. . The call was made on 5 November 2022 . The call money was received on 6 December 2022. Format Σ Χ -> BI U x, x Help

Prepare The General Journal Entry.

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What amount should be reported as basic earnings per share?*   7.33 6.00 5.50 5.00  2. What amount should be reported as diluted earnings per share?   6.47 6.88 6.11 5.24

On 1 July 2018, Popular Ltd had the following issued capital: 50,000 10% Redeemable preference shares issued at $2 each $100,000 The following transactions occurred during 2021. March 1 A disclosure document was issued inviting applications for 100 000 ordinary shares at an issue price of $2.50, payable in full on application. The main purpose of the issue was to fund the redemption of the preference shares. March 31 The issue was fully subscribed and all money due was received. The shares were then allotted. April 10 The preference shares were redeemed at a price of $2.10 per share. The shares had been classified as equity in the financial statements. For the above transactions the Accountant recorded the following journal entries: March 31 Dr Cash Trust 250,000 Cr Application – Ordinary 250,000 Dr Application – Ordinary 250,000 Cr Share Capital – Ordinary 250,000 Dr Cash 250,000 Cr Cash Trust 250,000 April 10 Dr Share Capital –…

Question 5 Sedunia Berhad was incorporated on 1 July 2020. On 1 August, it decided to issue 300,000 ordinary shares on the following terms: Application RM1 per share Allotment RM2 per share Call as required RM1 per share To the end of August, applications for 350,000 shares had been received together with the application money due on each share. One applicant for 5,000 shares had forwarded RM20,000 in full payment of the shares. On 15 September, the directors proceeded to allot 300,000 ordinary shares on the following basis. Applicants for 30,000 shares were refunded their application money in full, 5,000 shares were allotted to the applicant who paid for the shares in full, and the other successful applicants were allotted the remaining shares, excess application money being transferred to allotment. On 7 October, all allotment money had been received. A first and final call was made on 1 November, and all call money was received by 30 November with the exception of the amount due on…

Question 5 Sedunia Berhad was incorporated on 1 July 2020. On 1 August, it decided to issue 300,000 ordinary shares on the following terms: Application RM1 per share Allotment RM2 per share Call as required RM1 per share To the end of August, applications for 350,000 shares had been received together with the application money due on each share. One applicant for 5,000 shares had forwarded RM20,000 in full payment of the shares. On 15 September, the directors proceeded to allot 300,000 ordinary shares on the following basis. Applicants for 30,000 shares were refunded their application money in full, 5,000 shares were allotted to the applicant who paid for the shares in full, and the other successful applicants were allotted the remaining shares, excess application money being transferred to allotment. On 7 October, all allotment money had been received. A first and final call was made on 1 November, and all call money was received by 30 November with the exception of the amount due on…

3. Bernabe Company reported the following equity accounts in January 1, 2020: 129 30 Share Capital, P20 par 8,000,000 Share premium 2,550,000 Retained earnings 1,275,000 All shares outstanding on January 1, 2020 were issued in 2019 for P26 per share. On December 31, 2020, the entity reacquired 20,000 shares at P24 per share and retired them. Immediately after the shares were retired, what is the balance of share premium? a. 2,430,000 b. 2,470,000 c. 2,510,000 d. 2,590,000

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