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What is the share capital of sport field ltd

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Reference no: EM133002364

Question - Sport's Field Ltd was registered on 31 January 2019. It invited the public to subscribe to the issue of 35,000 ordinary shares for $1 per share: $0.60 due on application, $0.30 due on allotment and the balance due on call.

10th January Prospectus issued.

1st March Received applications for 35,000 shares.

2nd March Allotted 35,000 ordinary shares.

31st March All allotment money received.

1st November Remaining capital called.

30th November All money due on call is received.

Required -

1. Journalise the transactions.

2. What is the share capital of sport's field Ltd at 1st of December?

Reference no: EM133002364

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