Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question: On 16 February 2023, ML Modifications Ltd invited the public to subscribe for 1,000,000 ordinary shares at $5.00 each. $4.00 per share is payable on application and $1.00 per share is payable on allotment. By 28 February 2023, applications were received for 900,000 ordinary shares and these were allotted on 1 April 2023. All amounts owing on allotment of the 900,000 ordinary shares were received by 18 April 2023.
Required: Prepare the journal entries required to record the issue of the ordinary shares and proceeds of the ordinary share issue. (Ignore GST. Enter debit entries first followed by credit entries. Please include Dr and Cr as appropriate. You do not need to indent your answers.)
samantha an executive has agi of 100000 before considering income or loss from her miniature horse business. her
A replacement was made to the HVAC of a building the MNO owns. The HVAC consisted of 10 units on the roof. What is the entry to record the activity?
Prepare the comparative retained earnings section of the statement of changes in shareholders' equity for 2018 and 2019, reflecting the change
a certain government passed its budget for the fiscal year ended december 31 2014. estimated revenues amounted to
When auditing inventories of raw materials, purchased parts, and/or merchandise inventory, the auditor's most effective means for evaluating the valuation assertion is to
Describe the alternatives that you as an accountant would have in this situation. Indicate which alternative is best. He preferred to complete testing.
Compute the debt to equity ratio for each of the following companies.
On May 1, 2019, Tumbler, Inc. bought a 3-year insurance policy for $12240 effective immediately. What is the balance of prepaid insurance as of December
The Beta Corporation had 2007 revenues of $200,000,expenses of $140,000, and an income tax rate of 30 percent. Net income after taxes would be
Identity a risk of your choice and discuss how an emergency manager would use one of these risk treatments to reduce or eliminate the risk.
How would the government account for the unused bond proceeds? Which of the following funds is used to account for the payment of principal and interest of general long-term debt of a government?
Share your thoughts as to why so many professionals consider accounting to be the language of business. Why is this aspect of the business so important?
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd