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

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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What is the book value per share of the ordinary shares at the end of the year?
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
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
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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