Journal entries

Journal entries

1 February 2014

RM
RM

1.
Dr Ordinary Share Capital (1/4 x 120)

30,000

Cr Purchase of own shares

30,000

2.
Dr Purchase of own shares

37,500

Cr Bank (30 x 1.25)

37,500

3.
Dr Retained Earnings

30,000

Cr Capital Redemption Reserve

30,000

4.
Dr Share Premium

7,500

Cr Purchase of own share

7,500

5.
Dr Treasury shares (3/4 x 120 x 1.25)

112,500

Cr Bank

112,500

1 April 2014

6.
Dr 8% Debentures

20,000

Cr Debenture Redemption

20,000

7.
Dr Sinking Fund Bank (20 x 0.94)

18,800

Cr Sinking Fund Investment

17,500

Cr Sinking Fund Reserve

1,300

8.
Dr Debenture Redemption

18,800

Cr Sinking Fund Bank

18,800

9.
Dr Debenture Redemption

1,200

Cr Sinking Fund Reserve

1,200

10.
Dr Sinking Fund Reserve

20,000

Cr Retained Earnings

20,000

1 June 2014

11.
Dr Bank (1/3 x 90 x 1.65)

49,500

Cr Treasury shares (30 x 1.25)

37,500

Cr Share Premium

12,000

12.
Dr Share Premium (30 x 1.25)

37,500

Cr Treasury shares

37,500

1 September 2014

13.
Dr 5% Redeemable Preference Shares

350,000

Dr Premium on redemption (6% x 350)

21,000

Cr Preference Share Redemption

371,000

14.
Dr PSR

371,000

Cr Bank

371,000

15.
Dr Bank

60,000

Dr Retained Earnings

20,000

Cr Investments

80,000

16.
Dr Bank

280,000

Cr OSC (200 x 1)

200,000

Cr SP (200 x 0.4)

80,000

17.
Dr Retained Earnings (350 – 200)

150,000

Cr CRR

150,000

18.
Dr Share Premium

21,000

Cr Premium on redemption

21,000

1 October 2014

19.
Dr 8% Debentures

40,000

Cr Debenture redemption

40,000

20.
Dr Sinking Fund Bank (40 x 0.96)

38,400

Dr Sinking Fund Reserve

1,600

Cr Sinking Fund Investments

40,000

21.
Dr Debenture redemption

38,400

Cr Sinking Fund