Question: After formation on Auguit 1 , 2 0 2 4 , the ledger accounts of the Cakes Corporation have the following balancer: table [
After formation on Auguit the ledger accounts of the Cakes Corporation have the following balancer:
tableAccrued expenses,P $Accounts paryable,Accounts receivable,Allowance for uncollectible accounts,BuildingCashOrdinary shares, P par, $ shares authorized,Substribed ondinary shares,Furniture and fistures,Merchandise inventory,Notes payable days,Organization expense,Share premium ordinary,Share premium preference,Preference shares, noncumulative and nonparticipating P par, shares authoriaed,Suburibed preflerence shares, P par,Subucriptions receivable ordinary,Suburiptions receivable preferente,
fiequired:
Compute the flollowing
a Outstanding ordinary shares
b Number of endinary shares whowled
c Outstanding preference shares
d Number of preference shares subsoritied
e Legal capital
Contributed capital
Prepare a clarsified statement of financial porition for Cakes Corporation immediately after formation.
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