Journal entries to record the following transactions

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Reference no: EM13259706

Give journal entries to record the following transactions.

Issued on par 250, 8% preference shares of Rs.100 each.

Issued 500 ordinary shares of Rs.100 each at Rs. 120 all amountreceived in cash.

Purchased building costing Rs.165000 andissued 1000 8% preference shared of Rs.100 each for fullconsideration.

Issued 5000 ordinary shares of Rs.10 each to promoters asremuneration for their services.

Reference no: EM13259706

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