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N.1 QUESTION CLARKE FRINGLAND CO STATEMENT OF FINANCIAL POSITION AS AT 31/12/20X3 (EXTRACT) $ Share capital (50c) 10,000
Posted: Thu May 19, 2022 11:23 am
by answerhappygod
- N 1 Question Clarke Fringland Co Statement Of Financial Position As At 31 12 20x3 Extract Share Capital 50c 10 000 1 (29.99 KiB) Viewed 55 times
N.1
QUESTION CLARKE FRINGLAND CO
STATEMENT OF FINANCIAL POSITION AS AT 31/12/20X3 (EXTRACT) $ Share capital (50c) 10,000 Share premium 7,000 Retained earnings 8,000 25,000 Clarke Fringland Co has decided on a bonus issue of shares of 1 for 4 and will use the share premium account for this purpose. Required What is the double entry to record the bonus issue of shares and what is the adjusted financial position extract after the bonus issue