PRACTICE EXERCISES Write your answer legibly on the space provided before each question. А. The following accounts are found in the trial balance of Goodwill Trading Corporation at December 31, 2018: Authorized Ordinary Share, P50 par Subscription Receivable - collectible on Jan. 31, 2019 Unissued Ordinary Share Subscribed Ordinary Share Share Premium – Ordinary P2,000,000 200,000 800,000 400,000 300,000 1. What is the total number of shares issued? 2. What is the total number of shares available for subscription? 3. What is the total contributed capital?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Kindly answer numbers 1, 2 and 3 with formula

PRACTICE EXERCISES
Write your answer legibly on the space provided before each question.
А.
The following accounts are found in the trial balance of Goodwill Trading
Corporation at December 31, 2018:
Authorized Ordinary Share, P50 par
Subscription Receivable - collectible on Jan. 31, 2019
Unissued Ordinary Share
Subscribed Ordinary Share
Share Premium – Ordinary
P2,000,000
200,000
800,000
400,000
300,000
1.
What is the total number of shares issued?
2.
What is the total number of shares available for
subscription?
3.
What is the total contributed capital?
Transcribed Image Text:PRACTICE EXERCISES Write your answer legibly on the space provided before each question. А. The following accounts are found in the trial balance of Goodwill Trading Corporation at December 31, 2018: Authorized Ordinary Share, P50 par Subscription Receivable - collectible on Jan. 31, 2019 Unissued Ordinary Share Subscribed Ordinary Share Share Premium – Ordinary P2,000,000 200,000 800,000 400,000 300,000 1. What is the total number of shares issued? 2. What is the total number of shares available for subscription? 3. What is the total contributed capital?
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