Journal entries for bonus issue?Forums › ACCA Forums › ACCA FA Financial Accounting Forums › Journal entries for bonus issue?This topic has 5 replies, 4 voices, and was last updated 13 years ago by Anonymous.Viewing 6 posts - 1 through 6 (of 6 total)AuthorPosts May 11, 2012 at 4:30 am #52594 Sangria9MemberTopics: 25Replies: 285☆☆☆What journal entries should be for 1 for 3 bonus issue on share capital of 1,200,000 50c shares? May 11, 2012 at 12:46 pm #97416 whitedogMemberTopics: 17Replies: 68☆☆is there a cash reserve or share reserve? May 11, 2012 at 4:41 pm #97417 Sangria9MemberTopics: 25Replies: 285☆☆☆Let’s assume there’s enough balance on share premium a/c. May 12, 2012 at 4:12 am #97418 Vipin MemberTopics: 151Replies: 374☆☆☆☆bonus issue -1200,000*1/3=400,000 sharescr share capital 200,000 dr share premium 200,00 May 13, 2012 at 3:15 pm #97419 Sangria9MemberTopics: 25Replies: 285☆☆☆Thanks a lot! I though entries should be the same but with $400,000. I missed that one share is only 50c, not $1. July 10, 2012 at 11:39 am #97420 AnonymousInactiveTopics: 0Replies: 1☆Why this entry is upside down ? Any specific reason for thisAuthorPostsViewing 6 posts - 1 through 6 (of 6 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In