O Level Accounting (7707)•7707/12/M/J/24

Explanation
Incomplete payment details prevent exact calculation
Steps:
- Total issued capital: 200,000 shares × 400,000 nominal value.
- 90% of shareholders (180,000 shares) paid full value immediately upon formation on 1 April 2018, contributing $360,000.
- Remaining 10% (20,000 shares) payment details unclear; 2% payment referenced for April 2020 (after query date), and 1,000 shares payment ambiguous.
- No specific calls or payments confirmed between April 2018 and June 2019 beyond initial 90%. Not enough information.
Final answer: Not enough information.
Topic: Limited companies
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