Homework Help is Here – Start Your Trial Now!
Business
Accounting
Kindly answer number 18 and 19

Kindly answer number 18 and 19

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question

Kindly answer number 18 and 19 only. 

The following is a list of selected account balances taken from the December 31, 2018 general ledger of Marcelo Corporation: K. Accounts Payable Accounts Receivable Ordinary Share Capital Share Premium - Ordinary Share Share Premium - Preference Share Preference Share Capital Subscribed Preference Share Retained Earnings Subscription Receivable - Preference Share P1,400,000 2,357,000 1,260,000 1,082,750 92,100 500,000 140,000 191,950 105,000 18. What is the total contributed capital for Marcelo Corporation at December 31, 2018? 19. What is the total shareholders' equity of Marcelo Corporation at December 31, 2018? L. World-Class Corporation's records included the following shareholders' equity accounts: Preference Share, P15'par; 200,000 shares authorized Share Premium - Preference P2,550,000 340,000 Ordinary Share, no par, P50 stated value; 100,000 shares authorized 3,000,000 20. What was the average issue price of the preference share? 21. How many ordinary shares were issued?
Transcribed Image Text:The following is a list of selected account balances taken from the December 31, 2018 general ledger of Marcelo Corporation: K. Accounts Payable Accounts Receivable Ordinary Share Capital Share Premium - Ordinary Share Share Premium - Preference Share Preference Share Capital Subscribed Preference Share Retained Earnings Subscription Receivable - Preference Share P1,400,000 2,357,000 1,260,000 1,082,750 92,100 500,000 140,000 191,950 105,000 18. What is the total contributed capital for Marcelo Corporation at December 31, 2018? 19. What is the total shareholders' equity of Marcelo Corporation at December 31, 2018? L. World-Class Corporation's records included the following shareholders' equity accounts: Preference Share, P15'par; 200,000 shares authorized Share Premium - Preference P2,550,000 340,000 Ordinary Share, no par, P50 stated value; 100,000 shares authorized 3,000,000 20. What was the average issue price of the preference share? 21. How many ordinary shares were issued?
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 1 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS