Let's break this down step by step to pass the necessary accounting entries and prepare the Balance Sheet for Fresh Poultry Ltd as at 30 June 2020.
### A) Pass Necessary Accounting Entries
1. **Issuance of Common and Preferred Stock on 15 August 2019**:
- **Common Stock** (50% of 50,000 shares = 25,000 shares)
- Cash Received = 25,000 shares * Rs. 100 = Rs. 2,500,000
- **Preferred Stock** (50% of 50,000 shares = 25,000 shares)
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