CE 2000 Q8, 97 Q7, 95 Q7 (Ltd co) -- �|�p�ǭ�z��W�Ш|�ǰ|

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Date Posted: 02:30:56 11/26/01 Mon
Author: Acc & Econ lover
Subject: CE 2000 Q8, 97 Q7, 95 Q7 (Ltd co)

Pls read the following extract:

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CE 00
On 1 April 1999,$300,000 9% debentures were issued at 98. The company debited the bank account and credited the share premium account in respect
of the issue. Discount on debentures was to be written off against the share premium account evenly over three years. No debenture interest has yet been paid

CE 97
In March 1997, 100,000 ordinary shares were offered to the public at $1.25per share,and $60,000 10% debentures were issued at 96. The company debited the
cash at bank account and credited the suspense account in respect of these issues. The new shares were not entitled to the dividend proposed for the year ended
31 March 1997. One month's interest was to be paid on new debentures.

CE 95
In march 1995, 200,000 ordinary shares were offered to the public at $1.30 per share. The company had only debited the cash at bank account and
credited the share issue account in respect of this issue. The new shares were not entitled to the dividend proposed for the year ended 31 March 1995.
=======================================================================

There are different ways in dealing with the debentures/shares.
However, it seems to be wrong in CE 97, 95. One Cr to the suspense a/c, one to the share issue a/c.
And strangely, I don't need to correct them (see from the answers).

Why ????

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