Problem #7 The accounts below appeared in the Dec. 31, 2020 trial balance of the Ceradoy Corporation: P270,000 Ordinary Shares, P15 par, 20,000 shares authorized, 18,000 shares issued Subscriptions Receivable Subscribed Ordinary Shares Retained Earnings 17,000 27,000 200,000 95,000 25,000 Share Premium Treasury Stock, 1,000 shares, at cost Required: From these accounts determine the following: 1. Total authorized ordinary shares. Total unissued ordinary shares. Total issued ordinary shares. 2. 3. 4. Ordinary shares subscribed. 5. Total shareholders' equity. 6. Number of shares issued. 7. Number of shares subscribed. Number of shares in treasury. 8. 9. Number of outstanding shares.

Problem #7 The accounts below appeared in the Dec. 31, 2020 trial balance of the Ceradoy Corporation: P270,000 Ordinary Shares, P15 par, 20,000 shares authorized, 18,000 shares issued Subscriptions Receivable Subscribed Ordinary Shares Retained Earnings 17,000 27,000 200,000 95,000 25,000 Share Premium Treasury Stock, 1,000 shares, at cost Required: From these accounts determine the following: 1. Total authorized ordinary shares. Total unissued ordinary shares. Total issued ordinary shares. 2. 3. 4. Ordinary shares subscribed. 5. Total shareholders' equity. 6. Number of shares issued. 7. Number of shares subscribed. Number of shares in treasury. 8. 9. Number of outstanding shares.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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