Oshim Company Limited as registered with a nominal sharecapital of N6,000,000 divided intoN3,000,000 preference shares ofN1.00K each and N3,000,000ordinary shares of N1.00K each and issuedN1,600,000 ordinary shares ofN1.00K each and N1,200,000preference shares of N1.00K each for publicsubscription on 1st February 2002 payable as follows:
75K on application pershare
25K on allotment pershare
All the shares issued were fully subscribed andallotted. Application money was received on 20th February2002. Resolution on allotment was passed on 25th February2002.
Required:
Show the necessary entries in the books of Oshim Company Limited.