Question: Accounting in the Philippines please answer this accounting problem : Corporation pon Retained Earnings Problem Nu. 5 Share Dividends and Share Splits On Jun: 1.

Accounting in the Philippines

please answer this accounting problem :

Corporation pon Retained Earnings Problem Nu. 5 Share Dividends and Share Splits On Jun: 1. 2021, the records of Mathias Company showed the following balances Ordinary shares P100,000 Share Premium-Ordinary 1,000,000 Retained Earnings 800.000 On Jun. 18, 2021, the BOD declared a 2% share dividend: the market price was Poo per share. On Oct. 15, 2021, the BOD declared a 2-for-1 share split the market price was P100, Required: I. Prepare the journal entries for the transactions. 2. Prepare the shareholders' equity as of Dec, 31, 2021

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

per share. During the year, the following On January 1, Crane Corporation had 94,500 shares of no par common stock issued and outstanding. The stock has a stated value of Apr. 1 Issued 23,000...

The post-closing trial balance of Blossom Corporation at December 31, 2021, contains the following shareholders' equity accounts: $5 noncumulative preferred shares (9,100 issued) Common shares...

The post-closing trial balance of Sandhill Corporation at December 31, 2021, contains the following shareholders' equity accounts: $5 noncumulative preferred shares (8,900 issued) Common shares...

Can someone please help me with the statement of retained earnings? hampton ACCOUNTING SERVICE INC Dear Newbie Welcome to Hampton! My name is Julio Antoni, your supervisor. We believe the best way...

help please and god bless you Reproduce the Retained Earnings account (T-account) for 2022. (List items in order presented in the problem.) Prepare a stockholders' equity section at December 31,...

The post - closing trial balance of Carla Vista Corporation at December 3 1 , 2 0 2 2 , contains the following stockholders' equity accounts. Your answer is partially correct. Reproduce the Retained...

Please help me to answer this. Please put correct answers only... Thank you. 1. 1. A treasurer is responsible for the firm's accounting activities, such as corporate accounting, tax management 2. A...

Hello m friend We worked together before. Please help me in this quiz ! I will include a study materials to help you answer it Thanks in advance ACCT1040 - Quiz #4 (Spring 2017) - Kathy Faber Version...

Questions to be answered from the file attached. I have attached both chapters from where you will be answering these. Make sure to answer it thoroughly Chapter12 (page number 215or p 42 of the pdf)...

Hello I need help with my Project i asked and I tried but i did get any answer can you help me please to solve this problem Building Blocks of Accounting .. A Financial Perspective to the same screen...

In each diagram below, I and II represent sampling distributions of two statistics that might be used to estimate a parameter. In each case, identify the statistic that you think would be the better...

Show the orbital diagram for Strontium, remember to identify the orbital: The energy of the orbital increases down the diagram. Muestre el diagrama de orbitales para Estroncio, recuerde identificar...

The risk on a portfolio of asset ( multiple choice ) : a . is different from the risk on the market portfolio. b . is not influenced by the risk of individual assets. c . is different from the risk...

Please describe the dilemma firms face when they must deal with the opposing pressures of cost reduction and local responsiveness in determining their strategic strategy for going abroad and...

1. To provide an understanding of how emotions are regulated by the development of relationships between actors in a communication situation.

Positive effect on trusting others, and also improvements in the final results.

1. Discuss the following statements: a) Local links generate collective behaviours. b) An unfamiliar system will be described as chaotic by the ignorant. c) When we see that something is happening,...