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Provide journal entries necessary to account for application

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Reference no: EM132819823

Kosta Ltd has received applications for 4 million shares during July 2020. The shares are to be issued ac a price of $2.75 per share. The 4 million shares allotted on 15 august 2020. What are the accounting entries require the record these events.

Required:

Problem 1: Provide the journal entries necessary to account for the applications of Kos Ltd shares.

Reference no: EM132819823

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