Show the equity section in sun ltd balance sheet

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Reference no: EM132990400

Question - The stakeholder' equity section in the balance sheet of Sun Ltd. is as follows:

$ Equity Share Capital: Ordinary shares of 50p each 250,000

Reserves: Share premium 250,000

Reserves: Retained Earnings 100,000

600,000

Required - Show the equity section in Sun Ltd.'s balance sheet after the actions detailed below (both actions are independent of each other):

1. A one for five bonus issue, capitalizing the share premium account.

2. A right issue of one for five at $ 1.2, assuming that all rights are taken up.

Reference no: EM132990400

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