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(Issue of Shares At Par, Fully Subscrib...

(Issue of Shares At Par, Fully Subscribed, Amount Payable in Lump Sum).
AD Deli Ltd. invited applications for 20,000 Equity Shares of Rs. 10 each at the issue price of Rs. 10. The amount payable along with application is Rs. 10. This issue was fully subscribed. Pass Journal entries for the above transactions and also prepare Balance Sheet of the Company.

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Satyam Ltd. invited applications for issuing 10,000 equity shares of Rs 100 each at a premium of Rs 20 per share. The whole amount was payable on application. The issue was fully subscribed. Pass necessary journal entries .

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(Issue of Shares at Premium, Fully Subscribed, Amount Payable in Instalments). Fine Craft Ltd. issued 50,000 Equity Shares of Rs. 10 each at a premium of Rs. 2 per share payable as follows: Rs. 3 on application, Rs. 6 on allotment, and Rs. 3 on first and final call. All the shares were applied for and duly allotted. Pass necessary Journal entries.

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