Question

Ulul VIU,UJ, JU.]
0. 81. Zee Limited was registered with a capital of 320,00,000, divided into
in two calls of equal amounts. The company received applications for 46,400
balance
Make Journal entries to record the above issue of shares.
80,000 shares of 25 each. The Company offered to the public for subscription 40,000
shares payable 7.50 per share on Application, 7.50 per share on allotment and the
shares. Applications for 4,000 shares were rejected altogether and the application
money was returned to the applicants. A person who applied for 4,000 shares was
allotted only 1,600 shares and the excess of his application money was carried forward
towards the payment of allotment and calls.​

Answer 1

Answer:

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Answer 2

Answer:

difficult question......