Question

28.00
ILLUSTRATION 7. A company made an issue of 30,000 shares of 10 each
payable 3 on application, 25 on allotment and ? 2 on call.
93,200 shares were applied for and owing to this heavy over-subscription
allotments were made as follows:
Applicants for 21,500 (in respect of applications for 2,000 or more) received
10,200 shares.
Applicants for 50,600 (in respect of applications for 1,000 or more but lost
than 2,000) received 12,600 shares.
Applicants for 21,100 (in respect of applications for less than 1,000 shares)
received 7,200 shares.
Cash then received after satisfying amount due on application was applied
towards allotment and call money and balance was then returned. All money
due on allotment and call were realised.
Write up the relevant journal entries relating to this issue of shares in the
books of the company.​

Answer 1

Answer:

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