Reference no: EM132622299
Question - Jaguar Traders Ltd. was incorporated on 4 May 2019 with a nominal capital of Sh. 1,000,000 divided into 50,000 ordinary shares of Sh.20 each.
On 5 May 2019, the directors invited interested members of the public to apply for purchase of shares at par. The closing date for application was 15 May 2019. Applications were received for 60,000 ordinary shares and paid in full. The allotment was made on 20 May 2019 and the excess application money refunded.
On 26 May 2019, the directors bought furniture Sh. 150,000, equipment Sh.250, 000 and goods Sh.500, 000. All these were delivered and paid for on the same date.
Required -
i. Make Journal entries, including bank to record the above transactions.
ii. Make a Ledger accounts?
iii. Make a Statement of financial position as at 26 May 2019?
|
Learning about ethernet data link layer switching
: Learning about The Ethernet Data Link Layer Switching and Frame Syntax Standard was the most surprising thing/ difficult part I learned knowledge of.
|
|
Cryptography is advanced area of information security
: Cryptography is an advanced area of information security, Explain each and describe how you would address each threat.
|
|
Determine the loan with the lowest effective interest rate
: If you were comparing the costs of loans from different lenders, could you use their APRs to determine the loan with the lowest effective interest rate?
|
|
What do you consider to be strong or weak points to theory
: Select one of the Middle Range Nursing theories from Unit 7 overview and create a model case scenario, in which you will apply all or one of the following.
|
|
Make a Statement of financial position as at May
: On 26 May 2019, the directors bought furniture Sh. 150,000, equipment Sh.250, 000. Make a Statement of financial position as at 26 May 2019
|
|
Will natalie need accounting information
: Identify specific asset, liability, revenue, and expense accounts that Cookie Creations will likely use to record its business transactions.
|
|
Calculate the internal rate of return on the investment
: Determine the net present value if the discount rate is 1) i - 5% and 2) i - 10% . Calculate the internal rate of return on the investment.
|
|
Information risk planning and management
: In order to have a successful IG program, one of the eight (8) Information Risk Planning and Management steps is to develop metrics
|
|
Discuss arrangement with ship out limited contains a lease
: On 2 January 20.16, GMF signed contract with Ship Out, Discuss, with reference to IFRS 16 Leases whether the arrangement with Ship Out Limited contains a lease.
|