Moneyplus company issued 2,50,000 Equity Shares of Rs. 10 each to public. All amounts have been received in lump sum. Pass necessary Journal entries in the books of the company.

Jain Ltd. purchased machinery costing Rs. 10,00,000 from Ayer Ltd. 50% of the payment was made by cheque and for the remaining 50%, the company issued Equity Shares of Rs. 100 each at a premium of 25%. Pass necessary Journal entries in the books of Jain Ltd. for the above transactions.

The authorised capital of Rs. 16,00,000 of Bharat Ltd. Is divided into 1,60,000 Equity Shares of Rs. 10 each . Out of these shares, 80,000 Equity Shares were issued at par to public for subscription. The full nominal value is payable on application. All the shares were subscribed by the public and total amount was paid for. pass necessary Journal entries in the books of the company.

Goodluck Ltd. purchased machinery costing Rs. 10,00,000 from Fair Deals Ltd. The company paid the price by issue of Equity Shares of Rs. 10 each at a premium of 25% . Pass necessary Journal entries for the above transactions in the books of Goodluck Ltd.

(Issue of Shares at Par, Fully Subscribed, Amount Payable in Lump Sum). Dynamic Ltd. offered for subscription on 1st April, 2019, 1,00,000 Equity Shares of Rs. 10 each at par payable along with application. Applications were received for all the shares by 30th April, 2019 and the shares were allotted on 15th May, 2019. Pass necessary Journal entries in the books of the company.

(Comprehensive Illustration). Green Ltd. was registered with an authorised capital of Rs. 2,00,000 in Rs. 10 per equity share, of these 6,000 Equity Shares issued as fully paid to the vendor for purchase of building, 8,000 Equity Shares were issued for subscription and during the first year Rs. 5 per Equity Share were called-up, payable Rs. 2 on application, Rs. 1 on allotment, Rs. 1 on first call and Rs. 1 on second call. The amounts received in respect of these shares were: On 6,000 Equity Shares the full amount was received, On 1,250 shares Rs. 4 per Equity Share, On 500 shares Rs. 3 per Equity Share, On 250 shares Rs. 2 per Equity Share. The company forfeited 750 Equity Shares on which less than Rs. 4 per Equity Share had been paid. Pass Journal entries in the books of the company and also show share capital in its Balance Sheet .

( Issue of Shares at Premium, Fully Subscribed, Amount Payable in Lump Sum). Why Ltd. issued 20,000 Equity Shares of Rs. 10 each at a premium of Rs. 2 payable along with the application. All the shares were applied and duly allotted. Pass necessary Journal entries and also draw the Balance Sheet of the Company.

2,000 Equity Shares of Rs. 10 each were issued to X Limited from whom assets of Rs. 25,000 were acquired. Pass Journal entry.

S Ltd. issued 5,000 shares of Rs. 100 each at a premium of Rs. 10 each payable as follows : {:("On Application","Rs. 30"),("On Allotment","Rs. 40 (including premium)"),("On First & Final Call","Rs. 40"):} All the shares were applied for the instalments received on due dates with the exception of the Allotment and First & Final Call on 100 shares, these shares were forefited and re-issued as fully paid @ Rs. 105 per share. Pass necessary Journal Entries in the books of the Company.