The shareholders' equity of Janet Corporation at the end of 2018 and 2017. are as follows: 2018 P1,000,000 2,000,000 160,000 800,000 2017 P 600,000 12% Preference Share, P100 par Ordinary Share, P20 par Share Premium - Preference Share Premium - Ordinary 1,800,000 400,000 What is the total number of ordinary shares issued at December 31, 2018? 4.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Answer the following:

В.
The shareholders' equity of Janet Corporation at the end of 2018 and 2017.
are as follows:
2018
P1,000,000
2017
P 600,000
1,800,000
12% Preference Share, P100 par
Ordinary Share, P20 par
Share Premium - Preference
Share Premium – Ordinary
2,000,000
160,000
800,000
400,000
What is the total number of ordinary shares issued at
December 31, 2018?
_4.
5.
How many preference shares were issued during
2018?
6.
What is the average issue price per share of the
preference issued in 2018?
7.
How many ordinary shares were issued in 2018?
8.
What is the average issue price per share of the
ordinary shares issued in 2018?
B.
Transcribed Image Text:В. The shareholders' equity of Janet Corporation at the end of 2018 and 2017. are as follows: 2018 P1,000,000 2017 P 600,000 1,800,000 12% Preference Share, P100 par Ordinary Share, P20 par Share Premium - Preference Share Premium – Ordinary 2,000,000 160,000 800,000 400,000 What is the total number of ordinary shares issued at December 31, 2018? _4. 5. How many preference shares were issued during 2018? 6. What is the average issue price per share of the preference issued in 2018? 7. How many ordinary shares were issued in 2018? 8. What is the average issue price per share of the ordinary shares issued in 2018? B.
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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