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What amount should cash be debited

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A company issued 20,000 shares of its ?70 par value ordinary share capital and 8,000 of its ?80 par value preference share capital for a total amount of ?2,100,000. At this date, the company's ordinary share capital was selling ?80 per share and the preference share capital was selling for ?100 per share.

Requirements:

Problem 1: At what amount should "CASH" be debited?

Problem 2: At what amount should "Ordinary Share Capital " be credited?

Problem 3: At what amount should "Preference Share Capital " be credited?

Problem 4: At what amount should "Share Premium -Ordinary Share Capital " be credited?

Problem 5: At what amount should "Share Premium -Preference Share Capital " be credited?

Reference no: EM132771495

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