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ACCTN202-25A (HAM) - Intermediate Financial Accounting
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The following ledger account indicates:
Reissue A/C
Date
|
Details
|
Debit
|
Date
|
Details
|
Credit
|
|
Contributed Equity
|
180,000
|
|
Forfeited Share Reserve
|
80,000
|
|
Bank
|
60,000
|
|
Bank
|
160,000
|
|
|
240,000
|
|
|
240,000
|
The following ledger accounts indicate that the total equity contributed by the shareholders is:
Application A/C
Date
|
Details
|
Debit
|
Date
|
Details
|
Credit
|
|
Contributed Equity
|
8,000,00
|
|
Trust Bank
|
8,400,000
|
|
Equity receivable
|
400,000
|
|
|
|
|
|
8,400,000
|
|
|
8,400,000
|
Equity Receivable A/C
Date
|
Details
|
Debit
|
Date
|
Details
|
Credit
|
|
Contributed Equity
|
9,800,000
|
|
Application
|
400,000
|
|
|
|
|
Bank
|
4,400,000
|
|
|
|
|
Bank
|
5,000,000
|
|
|
9,800,000
|
|
|
9,800,000
|
|
|
|
|
|
|
Call in Arrears