Investor trade (pty) ltd issued 1600 ordinary shares to Mr Chang at a market price...
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Investor trade pty ltd issued ordinary shares to Mr Chang at a market price of R per share on january During the current financial year end, investor trade pty ltd anniunced the following changes to their capital structure. May : capitalisation issue in the ratio of one share for every two shares held on April july : share slipt of the current shares in issue with a value of R each slipt into shares valued at R each. None of the transactions have been accounted for. Prepare all the general journal entries relating to investor trade pty ltd for the year ended december Where no journal entry is required, provide supporting reasons to justify ie specifically address the effect that the capitalisation issue and share slipt will have on the number of ordinary shares held by mr chang.
Investor trade pty ltd issued ordinary shares to Mr Chang at a market price of R per share on january
During the current financial year end, investor trade pty ltd anniunced the following changes to their capital structure.
May : capitalisation issue in the ratio of one share for every two shares held on April
july : share slipt of the current shares in issue with a value of R each slipt into shares valued at R each.
None of the transactions have been accounted for.
Prepare all the general journal entries relating to investor trade pty ltd for the year ended december
Where no journal entry is required, provide supporting reasons to justify ie specifically address the effect that the capitalisation issue and share slipt will have on the number of ordinary shares held by mr chang.
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