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Question - Accounting unit - Miriama Company ltd was registered on 1st January 2018. On the 4th January the directors offered 80000 shares at a price of $1 share to the public payable 50 cents on application, 25 centson allotment and 25 cents on call. Applications due were received by 31st January. The directors allotted the shares on 4th February and allotment due was received by 20th Feb. A call was made on 1st March and money due was received, with the exception of the call on 500 shares.
Required -
1. Show the general journal entries.
2. Post it to the appropriate ledger accounts.
3. Prepare the financial positions (Extract) of Miriama Company as at 31st March 2018.
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