Financial Accounting Assignment

Running head: FINANCIAL ACCOUNTING ASSIGNMENT
Financial Accounting Assignment
Name of the Student:
Name of the University:
Author’s Note:

1FINANCIAL ACCOUNTING ASSIGNMENT
Table of Contents
Journal Entries:................................................................................................................................2
Bibliography:...................................................................................................................................6

2FINANCIAL ACCOUNTING ASSIGNMENT
Journal Entries:
In the books of NewCastle Ltd.
Journal Entries
Dr. Cr.
Date Particulars Amount Amount
04-07-
2017 General Reserve
1,20,00
0
"B" Ordinary Share Capital
1,14,00
0
Share Premium 6,000
(1-for-6 bonus shares issued to "B" Ordinary
shareholders @$4.00 each from general reserve)
12-09-
2017 Preference Share Dividend Payable 21,600
"A" Ordinary Share Dividend Payable 30,000
"B" Ordinary Share Dividend Payable 36,000
Cash at Bank 87,600
(Dividends on preference shares,"A" Ordinary shares &
"B" Ordinary shares, declared on 31 July,2017, paid duly)
30-09-
2017 Share Option 42,000
"B" Ordinary Share Capital 42,000
(60,000 share options issued at $0.70 each, subscribed 1
"B" Ordinary shares each)
07-10-
2017 Cash at Bank
2,10,00
0
"B" Ordinary Share Capital
1,86,00
0
Additional Paid-in-capital-Ordinary Shares 24,000
(Money received for 60,000 stock option exercised at
$3.50 per share)
Share Option 28,000
Additional Paid-in-capital-Ordinary Shares 28,000
(Balance 40,000 unexercised share options lapsed)
02-01- Share Final Call 1,80,00