Homework Answers
| i. Journal Entries | ||||
| Date | Account | Dr. (RM) | Cr. (RM) | |
| 02-Oct-19 | No entry for issue of prospectus | |||
| 18-Nov-19 | Bank a/c ..Dr | 4,000,000 | ||
| To Share Application a/c | 4,000,000 | |||
| (Being share application money received) | ||||
| 30-Nov-19 | Share Application a/c ..Dr | 4,000,000 | ||
| To Share Capital a/c | 4,000,000 | |||
| (Being allotment of shares against application money) | ||||
| 30-Nov-19 | Share issue expenses a/c ..Dr | 300,000 | ||
| To Bank a/c | 300,000 | |||
| (Being share issue expenses expensed off) | ||||
| Extract of Statement of Financial position of Miranda Berhad as on 31st December, 2019 | ||||
| Particulars | Amount (RM) | |||
| I. Shareholder's Equity | ||||
| Equity Share Capital | 4,000,000 | |||
| (10,00,000 ordinary shares issued @ 4 R.M each) | ||||
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