and can you also explain why is it the answer. thabk you

and C show the equity section of the Statement of Financial Position 2. Hawaiian Corporation issued 15,000 ordinary shares for cash of P800,000. Prepare the journal entry to record this event if the stock has : a. neither par nor stated value. b. a P50 par value. a P40 stated value. Use Paid in Excess of Stated Value for the excess payment. C. 3. The following are selected transactions which you are required to journalize: a. On March 1, ABS Co. received P2,750,000 cash from various shareholders in exchange for the maximum number of ordinary shares at a par value of P50. b. On April 1, GMA Co. issued no-par 8,000 ordinary shares with a P50 stated value in exchange for P500,000 cash. Use Paid in Excess of Stated Value for excess payment. c. On April 16, TV 5 issued 5,600 ordinary shares with a P50 par value in exchange for the following: P350,000 of inventory which market value is lesser by P50,000. d. On May 2, CNN received from a shareholder electronic equipment worth P255,000 with an attached P100,000 mortgage note to be assumed by the corporation Shares with a par value of P100 were issued accordingly Refer to a and d, how many shares were issued