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On May 1, 2002 Salman & Co Ltd offered 40000 shares @ 10 each for...

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Accounting

On May 1, 2002 Salman & Co Ltd offered 40000 shares @ 10 each for public. Applications were received 35000 shares and 5000 shares taken by underwriters. Pass journal entries of the company . (solve within 1 hour 10 upvotes will be given)

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