003 E 4 b005,19 dItem No. 2 is based on the following information:ad2pd zi 2.0 ms1160Virma Corporation sold to a subscriber 500 shares of its P 30 par valueordinary shares at P 32 per share receiving a 30% down payment. to gulsv 15q1!2. In recording this transaction:ni.nani snt ad bluow tor/W 2onIIa. Ordinary Share Capital will be credited in the amount of P 15,000.b. Ordinary Share Capital will be credited in the amount of P 16,000.Ordinary Share Premium will be credited in the amount of P 4,500.d. Subscribed Ordinary Share Capital will be credited in the amount ofC.00S, I 9 bms39P 15,000..09 bms 00s.eg

Journal entry: A journal entry is used to record day-to-day transactions of the business by debiting…

Virma Corporation sold to a subscriber 500 shares of its P 30 par value ordinary shares at P 32 per share receiving a 30% down payment. 2. In recording this transaction: enani snit ad bluow ter a. Ordinary Share Capital will be credited in the amount of P 15,000. b. Ordinary Share Capital will be credited in the amount of P 16,000. C. Ordinary Share Premium will be credited in the amount of P 4,500. d. Subscribed Ordinary Share Capital will be credited in the amount of 005, 9 bms 000,8 9 P 15,000. 09 bns 005 eg b

Virma Corporation sold to a subscriber 500 shares of its P 30 par value ordinary shares at P 32 per share receiving a 30% down payment. 2. In recording this transaction: enani snit ad bluow ter a. Ordinary Share Capital will be credited in the amount of P 15,000. b. Ordinary Share Capital will be credited in the amount of P 16,000. C. Ordinary Share Premium will be credited in the amount of P 4,500. d. Subscribed Ordinary Share Capital will be credited in the amount of 005, 9 bms 000,8 9 P 15,000. 09 bns 005 eg b

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter15: Contributed Capital

Section: Chapter Questions

Problem 17E

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Ss.227.
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