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ABC Ltd issued a prospectus offering 100000 ordinary shares at a price of $2.50 each,...

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Accounting

ABC Ltd issued a prospectus offering 100000 ordinary shares at a price of $2.50 each, payable $1.50 on application and $0.70c on application and $0.30c on a first and final call. The company received applications for 110000 shares.Which of the following entries correctly records these events?Question 9 Answera.Dr Bank Trust $150000Cr Application $150000b.Dr Bank Trust $250000Cr Application $250000c.Dr Bank Trust $165000Cr Application $165000d.Dr Bank Trust $275000Cr Application $275000e.None of the above

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