ETC Co. has been paying regular semi-annual dividends to its shareholders. The following are the company's equity transactions: Write the journal entry of the following The company has 1,800,000 shares issued and outstanding; total shares authorized is 3,000,000 shares; the par is P2 per share. 4.15 Issued 100,000 new shares at P5 per share. 5.20 Reacquired 200,000 shares at P8 per share. 6.30 Paid dividend of P2,550,000. 10.13 P2 M of P1,000 bonds were converted into ordinary share at the rate of 50 shares of stock per P1,000 bond. 11.11 Reissued 100,000 shares from the treasury at P6 per share.
ETC Co. has been paying regular semi-annual dividends to its shareholders. The following are the
company's equity transactions:
Write the
- The company has 1,800,000 shares issued and outstanding; total shares authorized is 3,000,000 shares;
the par is P2 per share.
4.15 Issued 100,000 new shares at P5 per share.
5.20 Reacquired 200,000 shares at P8 per share.
6.30 Paid dividend of P2,550,000.
10.13 P2 M of P1,000 bonds were converted into ordinary share at the rate of 50 shares of stock per P1,000
bond.
11.11 Reissued 100,000 shares from the treasury at P6 per share.
12.16 Issued an 11% share dividend.
12.31 Paid semi-annual dividends. The dividend per share is the same as that paid in the first semi-annual
period.
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