Shareholders' Equity Transactions R. Carpio Products, Inc. was formed at the beginning of the year. Ordinary share has a P25 par value. The following entries affected the shareholders' equity during its first year's operations: Cash Ordinary Shares Share Premium-Ordinary Organization Expense Ordinary Shares Share Premium-Ordinary Cash Office Equipment Building P160,000.00 P77,500.00 #29,000.00 P10,750.00 P30,000.00 P125,000.0 $35,000.00 $6,500.0 P15,000.0
Shareholders' Equity Transactions R. Carpio Products, Inc. was formed at the beginning of the year. Ordinary share has a P25 par value. The following entries affected the shareholders' equity during its first year's operations: Cash Ordinary Shares Share Premium-Ordinary Organization Expense Ordinary Shares Share Premium-Ordinary Cash Office Equipment Building P160,000.00 P77,500.00 #29,000.00 P10,750.00 P30,000.00 P125,000.0 $35,000.00 $6,500.0 P15,000.0
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
What is the book value per share
of the ordinary shares at the end of
the year?
Transcribed Image Text:Shareholders' Equity Transactions
R. Carpio Products, Inc. was formed
at the beginning of the year.
Ordinary share has a
P25 par value. The following entries
affected the shareholders' equity
during its first
year's operations:
a.
Cash
Ordinary Shares
Share Premium-Ordinary
b.
Organization Expense
Ordinary Shares
Share Premium-Ordinary
Cash
Office Equipment
Building
Accounts Payable
Ordinary Shares
Share Premium-Ordinary
P160,000.00
#77,500.00
P29,000.00
P10,750.00
P30,000.00
P125,000.00
P35,000.00
P,500.00
P15,000.00
P29,750.00
P25,000.00
P15,000.00
![e.
Cash Dividends [RE]
f.
Cash Dividends Payable
Cash
Income Summary
Cash Dividends Payable
Retained Earnings
h.
Retained Earnings
Cash Dividends payable
$7,500.00
P7,500.00
P40,000.00
$7,500.00
$7,500.00
$7,500.00
P40,000.00
$7,500.00](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F685ba5dd-cdc6-43a5-b2be-7d6f11b95e6c%2F3c47d7c9-6d45-4e77-a891-ac8487d1fb19%2F5x3vjz_processed.jpeg&w=3840&q=75)
Transcribed Image Text:e.
Cash Dividends [RE]
f.
Cash Dividends Payable
Cash
Income Summary
Cash Dividends Payable
Retained Earnings
h.
Retained Earnings
Cash Dividends payable
$7,500.00
P7,500.00
P40,000.00
$7,500.00
$7,500.00
$7,500.00
P40,000.00
$7,500.00
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