offer
offer

Get Upto

55% OFF

-Coupon Code-

NEW25

offer
offer

Use Our Seasonal Offers!

Claim Now

4500+ Experts Writer

" I'm a highly-qualified academic writer holding postgraduate credentials in Textile Engineering from the University of South Australia and have been offering term papers, assignments, presentations, case studies, reports, essays, dissertations, theses, research papers, etc., to the college student. I have worked on several disciplines and topics related to this subject till now, and some of them are Textile Fibre, Yarn manufacture and yarn structure & properties, Fabric manufacture and Fabric Structure, Printing, Dyeing, Energy Conservation, functional principles of weft insertion systems of shuttle-less weaving machines, principles of multiphase and circular looms, principle of non conventional methods of yarn production such as rotor spinning, Roving production, Principle of ring spinning, Yarn contraction, etc. If any topic related to Textile Engineering is making your life stressful, then hire me today!"

Tony Jackson

Tony Jackson

Orders in Progress - 11

Orders Finished - 2432

Hire Now

After completing my post graduation in Physics from the University of South Australia, I started offering academic writing services to the college students of Australia through the online portal 'Global Assignment Help Australia' and have successfully delivered 1000+ projects in the last ten years. I hold expertise in all the topics and sub-fields that fall under the term Physics, and some of them are Classical Mechanics, Electromagnetism, Quantum Mechanics, Relativity, Statistical Mechanics, Kinematics: Objects in Motion, Translational Motion, Rotational Motion, Fluid Mechanics, Thermodynamics, Electricity and Magnetism, Oscillations and Waves, Atomic, Nuclear, and Particle Physics, and many others. Hire me to score brilliant grades in any of your academic document related to this subject. I can also provide expert guidance and writing assistance in any referencing and citation style as per the customized needs of the students.

Deborah Joseph

Deborah Joseph

Orders in Progress - 57

Orders Finished - 1645

Hire Now

I'm a Chartered Accountancy degree holder from the Massey University, Australia. I am also a certified academic writer having eleven years of experience in offering academic writing services to the students who are studying Business law or Chartered Accountancy. The topics that I have covered till now are numerous, but some of them are Taxation, Advanced Accounting, Auditing and Assurance, Financial Reporting, Strategic Financial Management, Advanced Auditing and Professional Ethics, Corporate and Allied Laws, etc. Many students have scored incredible grades in this subject after taking my assistance. It is quite easy for me to write term paper, coursework, assignments, dissertation, thesis and research paper related to this field. I can write efficiently in any citation and reference style required by a student.

Eoin Jones

Eoin Jones

Orders in Progress - 55

Orders Finished - 1565

Hire Now

Writing has always been my passion and I'm glad to be a part of academic writing industry as it is something that truly interests me. I'm associated with Global Assignment Help Australia for two years. And, since then I have helped hundreds of students with high-quality assignments on Foster homes, Grief counseling, Substance abuse, Suicide prevention, Human trafficking. I have all the topics of social work down cold. once you hire me, you will never struggle with referencing style as I can work on MLA, APA, Harvard, Turabian, Oxford, and what not. Moreover, I know how important it is for students to submit a quality work within the prescribed deadline. Therefore, I always complete the academic papers well before the stipulated time.

Stella Baldwinson

Stella Baldwinson

Orders in Progress - 69

Orders Finished - 657

Hire Now

Affordable Prices

Top Grades at Cheap Rates!

    Prices Starts From
    USD 7.19
    Offer Discount 25 % Off
    USD7.19

    Get upto 51% OFF on Your First Order !

    Prices Starts From

    USD 7.19

    Amazing Features We Offer

    24*7 Help Service

    100% Satisfaction

    No Privacy Infringement

    Super-fast Services

    Subject Experts

    Professional Documents

    ACCT6003 Financial Accounting Processes, Laureate International University

    Part A Question

    Scenario 1

    Q.1 Preparing General Journal Entries To Record The Above Transactions

    Date

     

     Particulars

    Ref.no

    Debit

          Credit

    01/09/18

    Redeemable preference share capital a/c

    Premium of redemption preference share capital

                                        to preference shareholders

    ( 40000 preference share at 6% redeemable and 5% premium from the retained earning)

     

    2400

    2000

     

     

           4400

    25/08/18

    Preference shareholders a/c

                                          to bank a/c

    (cheque issued  to preference shareholders)

     

    4400

     

           4400

    01/11/18

    Cash at bank a/c (51200*.40)

                                    to equity share application a/c

    (application money received for right share issues)                    

     

    194560

     

           194560

    30/11/2018

     

     

    Equity share application a/c

    discount on issues of share a/c

                                          to equity share capital a/c

    (ownership is given 1 share for 5 held)

     

     

    194560

    10240

     

     

     

            204800

     

    20/12/16

    Underwriters brokers a/c                                    

                                           to bank a/c

    (underwriting commission paid)

     

    4800

     

               4800

    10/01/19

    General reserve a/c

                                     Retained Earning A/c

    (director transfer $56000 from retained earning to general reserve)

     

    56000

          

       56000

    28/02/19

    Share application a/c

                                     share capital a/c

    (Class 3 shares are issued at a price of $3.60)

     

    201600

     

        201600

     

    30/04/19

    Share capital a/c

                                       share application a/c

    (Unexercised option lapse)  

     

    201600

                                     

           201600

    31/05/19   

     

       Shares final call a/c

                                        share capital a/c

    (the final call is paid up on partly paid up shares but 12000 share money due)

     

     

    364800

     

         364800

    18/06/19

     Share capital a/c

                                     Forfeited share a/c

                                      share final call a/c

    (Forfeiture of 12000 shares of $4 each due to non payment of final call of $1.60 per share)

     

    48000

            

                   28800

                   19200

    26/06/19

    Bank a/c

    Forfeited a/c

                                        share capital a/c

    (forfeited share are reissued at discount price)

     

    43200

      4800

     

     

              48000

    26/06/19

    Forfeited shares a/c

                                         capital reserve a/c

    (after reissue of share forfeiture a/c transferred to capital reserve account)

     

    4800

     

                 4800

    27/16/19

    Share holders a/c

                                                forfeited share a/c

     

    (pay refund to formal holders of forfeiture shares)

     

    4800

     

             4800

    Working note:-

    Portfolio value before right issue= 320000*4=1280000 $

    1. of right shares=  (256000 *1/5)= 51200

    cost of purchasing new share using the rights=51200*3.80= 194560

    b. Preparing The Equity Section of Chiherbals Statement of Financial Position :-

    Shareholders  Equity

      Amount (in $)

    64000 shares of ordinary class 1 shares issued at $4                            

    256000

    256000 rights shareholders of class 1 issued 3.80$

    972800

    Scenario 2

    a. Journal entries of  ChiHerbal Ltd and classifies Residential land and Factory land as different classes of assets.:-

    Date

                                       particulars

    Debit

     &n

    Amazing Discount

    UPTO55% OFF

    Subscribe now for More Exciting Offers + Freebies

    Download Full Sample

    Cite This Work

    To export references to this Sample, select the desired referencing style below:

    Students sometimes cannot express their inability to work on assignments and wonder, "Who will do my assignment?" To help them understand the complexities of writing, we are providing "samples" on various subjects. Also, we have experienced assignment writers who can provide the best and affordable assignment writing services, essay writing services, dissertation writing services, and so on. Thus, don't wait any longer! Place your order now to take advantage of discounted deals and offers.

    Limited Time Offer

    Exclusive Library Membership + FREE Wallet Balance