Corporate Accounting Assignment

Topics: Stock market, Stock, Shareholder Pages: 1 (324 words) Published: February 3, 2011
Journal entries for the transactions occurred by Monster Ltd.

Date| Particulars| L/f| Debit $| Credit$|
April 15, 2012April 25, 2012April 25, 2012April 25, 2012June 30, 2012Jun 30, 2012Feb 28, 2013Mar 15, 2013Mar 15, 2013May 31, 2013May 31, 2013April 1, 2013April 4, 2013 April 4, 2013 April 4, 2013 Oct 1, 2013Oct 1, 2013Oct 1, 2013| Bank trust Application (ordinary share)(being cash received on application 75 cents for 350,000 shares.)Application (ordinary share) Bank Trust(amount refunded to unsuccessful applicants.)Application (ordinary share) Share Capital(application money due on 300,000 shares.)Bank Bank Trust(transfer of money received in application.)Allotment (ordinary share) Share Capital(being 25 cents per share due on allotment.)Bank Allotment (ordinary share)(being amount received on allotment.)Bank Trust Application (preference share)(amount received for application of preference share $3 each.)Application (preference share) Share Capital (preference share)(amount due on application of preference share.)Application (preference share)Bank Bank Trust(transferred amount received on issued shares and refunded oversubscriptions.)Allotment (preference share) Share Capital (preference share)(being $2 per share due on allotment.)Bank Allotment(being amount received foe allotment of preference share.)Bank Trust Debenture Application(amount received for 9250 debenture @ $100 each.)Bank Bank Trust(transfer of amount received from debenture issued.)Debenture Application Bank Trust(refund for oversubscription.)Debenture Application Debentures(acceptance of debenture application.)Interest on Debenture Bank (payment of debenture interest.)Preference Dividend Preference Dividend Payable(dividend declared.)Preference Dividend Payable Bank(dividend paid.)| |...
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