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Question - On 1 July 2017, Pine Ltd issued a prospectus inviting applications for 600 000 ordinary shares, at an issue price of $7, payable $2.50 on application, $1.50 on allotment, and $3 on future call(s), dates to be determined by the directors. By 1 September, applications were received for 620 000 shares with $2.50 paid per share. On 6 September, the directors allotted 600 000 shares. Refunds were made to applicants for 20 000 shares. Share issue costs of $12 400 were also paid on the same date. All of the allotment money was received by 1 October. On 1 February 2018, a first and final call for $3 was made. All of the call money was received by 1 March 2018.
Required - Prepare journal entries to record the above transactions.
Prepare T accounts for the accounts payable control and cleaning supplies accounts. Post control totals to the two accounts, and determine their ending balances.
Does a mobile home owned by a client qualify as real property or personal property for each state? What difference to the client would it be if it were classified as either?
Refer to Taurasi Company's financial statements and related information in Problem. Required Prepare a complete statement of cash flows.
What is the best way to determined what supposed to be the entry will use, please give me an example and explained for me to understand.
What is the name of the outside auditing firm for your company? How long after the company's year-end did the auditor's issue their opinion
Either an amount based on a percentage of credit sales or an amount based on a percentage of accounts receivable after adjusting for any balance in the allowance for doubtful accounts.
Kardashian had purchased this inventory for $40,000 and sold it to West for $60,000. In 2015, West sold 60% of this inventory to its customers for $50,000 and paid ? of the amount due Kardashian Company. In 2016, West sold the remaining inventory to ..
Net loss for the year was $5,500. Prepare a classified balance sheet for Smith Company as of December 31, 2010
What is the amount of Law Services Revenue that will be reported on the income statement for the year 2015?
If the stock is sold for $20 per share subsequent to the balance sheet date, but before the balance sheet is issued, what amount of short-term debt could be excluded from current liabilities?
Receivables Turnover. Why might the time lag for intramultinational firm accounts receivable and payable.
dec 13 accepted a 16000 45 day 8 note december 13 in granting miranda lee a time extension on her past dut account
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