31,2019 18% Preference Share Capital, par value of P100 authorized 10,000 shares, issued and outstanding 8,000 shares Ordinary Share Capital, no par authorized 25,000 shares stated value of P100, issued 15,000 shares of which 1,000 shares are in P 800,000 1,500,000 the treasury Subscribed Preference Share Capital Subscribed Ordinary Share Capital Subscription Receivable - Preference Share Capital Subscription Receivable - Ordinary Share Capital Preference Share Premium Ordinary Share Premium Donated Capital -Land Treasury Shares (at cost) 1,000 ordinary shares Retained Earnings Appropriation Reserve for Treasury Shares 100,000 50,000 40,000 20,000 10,000 15,000 75,000 120,000 45,000 120,000 Direction: Prepare in good form the shareholders' equity section of the corporation. IS
31,2019 18% Preference Share Capital, par value of P100 authorized 10,000 shares, issued and outstanding 8,000 shares Ordinary Share Capital, no par authorized 25,000 shares stated value of P100, issued 15,000 shares of which 1,000 shares are in P 800,000 1,500,000 the treasury Subscribed Preference Share Capital Subscribed Ordinary Share Capital Subscription Receivable - Preference Share Capital Subscription Receivable - Ordinary Share Capital Preference Share Premium Ordinary Share Premium Donated Capital -Land Treasury Shares (at cost) 1,000 ordinary shares Retained Earnings Appropriation Reserve for Treasury Shares 100,000 50,000 40,000 20,000 10,000 15,000 75,000 120,000 45,000 120,000 Direction: Prepare in good form the shareholders' equity section of the corporation. IS
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
How to
Transcribed Image Text:0,000
0,000
0,000
31,2019:
I8% Preference Share Capital, par value of P100 authorized 10,000
shares, issued and outstanding 8,000 shares
Ordinary Share Capital, no par authorized 25.000 shares stated
value of P100, issued 15,000 shares of which 1,000 shares are in
share..
P 800,000
1,500,000
30.
the treasury
Subscribed Preference Share Capital
Subscribed Ordinary Share Capital
Subscription Receivable - Preference Share Capital
Subscription Receivable - Ordinary Share Capital
Preference Share Premium
Ordinary Share Premium
Donated Capital - Land
Treasury Shares (at cost) 1,000 ordinary shares
Retained Earnings
Appropriation Reserve for Treasury Shares
100,000
50,000
40,000
20,000
10,000
15,000
75,000
120,000
45,000
120,000
owed:
2015
Direction: Prepare in good form the shareholders' equity section of the corporation. IS
13. The following accounts appear in the trial balance of DAVAO EAGLE Corporation as of
December 31, 2019:
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education