A-LevelAccountingPreparation of financial statements9706/12 · Feb/Mar 2022 · Q191 Mark
The bank balance of a limited company was $390000 before the following transactions took place. 1 An issue of 500000 new shares of $0.50 each was made at a premium of $0.25 per share. 2 A debenture for $100000 was repaid. 3 A bonus issue of 100 000 shares of $0.50 each was made. What was the bank balance after these transactions?
A$540000
B$665000
C$715000
D$865000
✓ Correct answer
B: $665000
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