Question

as per
DOOR
10ual Uxcess
Sanu Co. Limited has an authorised capital of 7 3,50,000 in shares of 7 10 each. Out of these 6,000
shares were issued as fully paid in payment of purchasing the building. 9,000 shares were
subscribed for by the public and during the first year 75 per share called up, payable on Application
* 2, on Allotment 1, on First call * 1, and on Second call * 1. The amount received in respect of
these shares was following:
on 7,000 shares
full amount called
on 1,300 shares
4 per share
on 500 shares
* 3 per share
on 200 shares
*
2 per share
Directors forfeited 700 shares on which less than 4 per share had been received
Give journal entries recording the above transactions and prepare the company's Balance Sheet a
the end of the first year
TA 2003. Chara Forfeiture Nr 71900 Bank Balance 342.100- Total o BIS102 1001​

Answer 1

Answer:

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Explanation:

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