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Prepare journal entries for T1: Feb 10 - Issued 30,000 new ordinary shares at K5.50 each for cash. Par value of ordinary shares = K2.00.

Accounting

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a) Prepare journal entries for all six transactions (T1 - T6).

T1: Feb 10 - Issued 30,000 new ordinary shares at K5.50 each for cash.
Par value of ordinary shares = K2.00.

Cash received=30,000 shares×K5.50/share=K165,000\text{Cash received} = 30,000 \text{ shares} \times \text{K}5.50/\text{share} = \text{K}165,000
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