The business becomes a publicly listed company -RMJ KidsRUs Ldwith 1,500 outstanding shares.The company decides to undertake another share issue.RMJ KidsRUs Ltd released a prospectus seeking 3,000 shares valued at $9 each. The prospectus required investors to pay $4 on application, S3 on allotment and $2 on callThe deadline for applications was 24 January. By this date, applications were received for 3,300 shares. In dealing with this over-subscription, the company decided to refund the excess application money back to the unsuccessful applicants.The shares were allotted on 20 February with payment received on 17 March. A call was made on 3 April and the call money was received on23 April.On 1 May, RMJ KidsRUs Ltd announces a cash dividend of $0.90 per share to be distributed on 22 May to shareholders on record at 19 May       Journalise all the transactions represented by the events described above, including all relevant dates

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The business becomes a publicly listed company -RMJ KidsRUs Ldwith 1,500 outstanding shares.The company decides to undertake another share issue.RMJ KidsRUs Ltd released a prospectus seeking 3,000 shares valued at $9 each. The prospectus required investors to pay $4 on application, S3 on allotment and $2 on callThe deadline for applications was 24 January. By this date, applications were received for 3,300 shares. In dealing with this over-subscription, the company decided to refund the excess application money back to the unsuccessful applicants.The shares were allotted on 20 February with payment received on 17 March. A call was made on 3 April and the call money was received on23 April.On 1 May, RMJ KidsRUs Ltd announces a cash dividend of $0.90 per share to be distributed on 22 May to shareholders on record at 19 May

 

 

 

Journalise all the transactions represented by the events described above, including all relevant dates

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