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Math Help - Journal entries for shares. Please help!!

  1. #1
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    Jun 2008
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    Journal entries for shares. Please help!!

    There were two transactions.
    Jan.5 Received applications for 20000 ordinary shares, at a total issue price of $10 per share, each accompanied by an initial payment of 25% of the issue price. Alloted 10000 shares to these applicants, and retained the balance of over-subscription as a payment in advance of future calls.

    Jan. 28 Made a call on the partly paid ordinary shares of a further $5 per share. The call was paid in full on 8000 of the shares but the remaining 2000 shares were forfeited for non-payment of the balance of the call.

    The image I've attached is the answer to transaction for Jan.28. I have circled the figures that I don't understand why they are used with blue paint.Can anyone please please explain it to me!!

    Thanks in advance!
    Attached Thumbnails Attached Thumbnails Journal entries for shares. Please help!!-acc.jpg  
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