QuestionAdventure Trading Co. Ltd issued 15,000 equity shares of Rs.10 each… Adventure Trading Co. Ltd issued 15,000 equity shares of Rs.10 each at a?remium of Rs.2 per share payable as follows:?n Application Rs.3 per share?n Allotment Rs.5 per share (Including premium)?alance on first and final call?he issue was fully subscribed. All money was duly received.?he company purchased a machine from Sagar Trading Co. for Rs.2,50,000. As?er the agreement Rs.50,000 was paid in cash and the balance by issue of?quity shares of Rs.10 each at par.?he company also purchased Air Condition Plant from Asian Trading Company?or Rs.4,00,000 and issued Equity shares of Rs.10 each at a discount of 10%.?ass journal entries in the books of Adventure Trading Co. Ltd?usinessAccountingBUS 248
