A partial list of the accounts and ending account balances taken from the post-closing trial balance of ALPHA Corporation on December 31, 2019 is shown as follows: Account Amount Accumulated Profits-unappropriated 410,000 Bonds Payable 220,000 Ordinary shares subscribed 50,000 Long term investments in equity securities 210,000 APIC on ordinary shares 460,000 Premium on bonds payable 30,000 Authorized ordinary at P10 par value Preference shares subscribed 900,000 45,000 APIC on preference shares 112,000 Authorized preference shares at P50 par value 400,000 Gain on sale of treasury shares 4,000 Unrealized increase in value of securities available for sale 3,000 Ordinary share warrants outstanding 20,000 Unissued ordinary shares 500,000 Unissued preference shares 100,000 Cash dividends payable-preference 50,000 Donated Capital 25,000 Reserve for bond sinking fund 220,000 Reserve for depreciation 150,000 Revaluation increment in properties 100,000 Subscription receivable-preference (long term) 15,000 Subscription receivable-common (long term) 20,000 Compute: A B C D 6. Ordinary shares issued 950,000 900,000 450,000 400,000 7. Preference shares issued 445,000 400,000 345,000 300,000 8. APIC 592,000 596,000 621,000 651,000
A partial list of the accounts and ending account balances taken from the post-closing trial balance of ALPHA Corporation on December 31, 2019 is shown as follows: Account Amount Accumulated Profits-unappropriated 410,000 Bonds Payable 220,000 Ordinary shares subscribed 50,000 Long term investments in equity securities 210,000 APIC on ordinary shares 460,000 Premium on bonds payable 30,000 Authorized ordinary at P10 par value Preference shares subscribed 900,000 45,000 APIC on preference shares 112,000 Authorized preference shares at P50 par value 400,000 Gain on sale of treasury shares 4,000 Unrealized increase in value of securities available for sale 3,000 Ordinary share warrants outstanding 20,000 Unissued ordinary shares 500,000 Unissued preference shares 100,000 Cash dividends payable-preference 50,000 Donated Capital 25,000 Reserve for bond sinking fund 220,000 Reserve for depreciation 150,000 Revaluation increment in properties 100,000 Subscription receivable-preference (long term) 15,000 Subscription receivable-common (long term) 20,000 Compute: A B C D 6. Ordinary shares issued 950,000 900,000 450,000 400,000 7. Preference shares issued 445,000 400,000 345,000 300,000 8. APIC 592,000 596,000 621,000 651,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Problem 2
A partial list of the accounts and ending account balances taken from the post-closing trial balance of
ALPHA Corporation on December 31, 2019 is shown as follows:
Account Amount
Bonds Payable 220,000
Ordinary shares subscribed 50,000
Long term investments in equity securities 210,000
APIC on ordinary shares 460,000
Premium on bonds payable 30,000
Authorized ordinary at P10 par value
900,000
45,000
APIC on preference shares 112,000
Authorized preference shares at P50 par value 400,000
Gain on sale of treasury shares 4,000
Unrealized increase in value of securities
available for sale
3,000
Ordinary share warrants outstanding 20,000
Unissued ordinary shares 500,000
Unissued preference shares 100,000
Cash dividends payable-preference 50,000
Donated Capital 25,000
Reserve for bond sinking fund 220,000
Reserve for depreciation 150,000
Revaluation increment in properties 100,000
Subscription receivable-preference (long term) 15,000
Subscription receivable-common (long term) 20,000
Compute:
A B C D
6. Ordinary shares issued 950,000 900,000 450,000 400,000
7. Preference shares issued 445,000 400,000 345,000 300,000
8. APIC 592,000 596,000 621,000 651,000
9. Total contributed capital
1,332,00
0
1,352,00
0
1,377,00
0
1,381,00
0
10. Total legal capital
1,395,00
0
1,300,00
0 795,000 700,000
11. Total shareholders'
equity
2,744,00
0
2,244,00
0
2,114,00
0
2,144,00
0
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