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Holimont Ltd. (HL) has unlimited no-par common shares authorized. The following transactions took place in the first year:
Required:
Problem a: Journalize the above transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
1 Record the authorization of shares
2 Record the issue of shares.
3 Record share issue costs.
4 Record receipt of subscription.
5 Record payment of legal fee by issuing shares.
6 Record the acquistion of building by issue of shares and acceptance of mortgage.
7 Record collection of balance subscription
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Financial reporting and analysis Assignment Help and Solution - discuss the advantages as well as the limitations of financial ratios. Financial ratios.
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