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Question - On 1 March 2020, Orange Limited was registered and a prospectus was issued inviting applications for 1,200,000 ordinary shares at an issue price of $6. The shares were payable $3 on application and $3 on allotment (due 20 April 2020)
By 31 March 2020 application had been received for 1,300,000 ordinary shares. On 1 April 2020, the shares were issued. The constitution allows the directors to apply excess application money to the allotment account. All outstanding money was received by the date, and share issues costs of $7 000 were paid on this date.
Required - Prepare the journal entries to record the transactions of Orange Limited for the events outlined above.
aber company sells merchandise on account for 1800 to borth company with credit terms of 210 n30. borth company returns
Instructions - Calculate the prepaid or property taxes payable that City Wok Inc. will report on its balance sheet if City Wok Inc.'s year end
Compute the balance in Gost's Investment in Tree account on January 1, 2011 after the new investment is recorded
Prepare a purchases budget for April, May and June.
Sales for the year totaled 270 units, leaving 10 units on hand at the end of the year. What is the ending inventory using the LIFO method
the pizza company makes two types of frozen pizzas pepperoni and cheese. the pizza company allocates overhead to these
Calculate the above ratios (a)-(g) for Tech Logistics plc for the 2010 and 2011 periods. Show how you have arrived at your answers, so your tutor can provide specific feedback if errors have been made.
1.on october 1 2013 microchip lent 90000 to another company. a note was signed with principal and 8 interest to be paid
Taylor Company's work in process account increased by $1,000. What was the company's cost of goods sold amount? Explain EVERY step.
Hucklebuckers Corporation issued $400,000 of 10-year bonds at a discount. Prior to maturity, when the carrying value of the bonds was $390,000, the company retired the bonds at 99.
Why there is no gain for the transaction.
Provide a brief overview of your company. What industry is it in? What are its main products or services? Who are its competitors?
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