From the following data, prepare in good form the shareholder's equity section of Zest Corporation: 10% Preferred share, cumulative, non-participating P1,000 par value, 5,000 shares authorized, 2,000 shares issued P 2,000,000 Ordinary share, no par value, 10,000 shares authorized, 9,000 shares issued, stated value P200 per share 1,800,000 Contributed capital from Donation of Plant Site 2,500,000 Premium on preferred share issuances 200,000 Capital in excess of stated value from ordinary share issuances 250,000 Retained Earnings (debit balance) 100,000 Subscribed Preferred share 200 shares 200,000 Subscriptions Receivable 150,000 Premium on Treasury Stock Transactions 90,000
From the following data, prepare in good form the shareholder's equity section of Zest Corporation:
10%
par value, 5,000 shares authorized, 2,000 shares issued P 2,000,000
Ordinary share, no par value, 10,000 shares authorized,
9,000 shares issued, stated value P200 per share 1,800,000
Contributed capital from Donation of Plant Site 2,500,000
Premium on preferred share issuances 200,000
Capital in excess of stated value from ordinary share
issuances 250,000
Subscribed Preferred share 200 shares 200,000
Subscriptions Receivable 150,000
Premium on
Step by step
Solved in 2 steps with 2 images
