Based on the preceding information, determine the correct balance of each of the following accounts.
ACCOUNTING 4 ITEMS FOR 1 TO 4 ARE BASED ON THE FOLLOWING INFORMATION:
During its first year of operations, LEBANON COMPANY entered into the following transactions relating to shareholders' equity. Lebanon's articles of incorporation authorized the issue of 2,400,000 ordinary shares, P10 par per share, and 300,000
Ordinary share capital
a. P5,569,000 b. P5,219,000 c. P5,550,000 d. P6,069,000
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