B. The shareholders' equity of Janet Corporation at the end of 2018 and 2017. are as...

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B. The shareholders' equity of Janet Corporation at the end of 2018 and 2017. are as follows: 12% Preference Share, P100 par Ordinary Share, P20 par Share Premium - Preference Share Premium - Ordinary 111.11 7. 2018 P1,000,000 2017 P 600,000 2,000,000 1,800,000 160,000 800,000 400,000 What is the total number of ordinary shares issued at December 31, 2018? How many preference shares were issued during 2018? What is the average issue price per share of the preference issued in 2018? How many ordinary shares were issued in 2018? What is the average issue price per share of the ordinary shares issued in 2018? C. On July 1, 2018, Nokia Corporation issued 1,000 P10 par ordinary shares and 2,000 P10 par convertible preference shares for a lump sum price of P45,000. At this date, Nokia's ordinary and preference were selling at P18 and P14 per share, respectively. 9. 10. What is the amount credited to Share Premium Ordinary? What is the amount credited to Share Premium Preference? D. E. Bosch Corporation was organized on January 1, 2018. It was authorized by the Securities and Exchange Commission to issue share capital of P5,000,000 divided into 50,000 shares of P100 par value ordinary share capital. The incorporators immediately subscribed to 12,500 shares at par. How much must be paid by the incorporators upon subscription in order that it would meet the requirements of the SEC? 11. On April 1, 2018, Globe Corporation, a newly formed company, had the following share capital issued and outstanding: Ordinary Share Capital, no par, P10 stated value, 20,000 shares originally issued at P30 per share. Preference Share Capital, P100 par, 600 shares originally issued at P500 per share. 12. What are the amounts of Ordinary Share Capital, Preference Share Capital, and Additional Paid in Capital, respectively, that Globe Corporation should report in its April 1, 2018 statement of shareholders' equity? F. Fortune Company prepared this journal entry on June 30, 2018: Cash 140,000 Ordinary Share Capital 130,000 Share Premium - Ordinary 10,000 Issued ordinary shares at P140 per share. 13. What is the par value of the share and how many shares were issued? G. H. H. 000 On June 1, Smart Company issued 8,000 shares of its P100 par ordinary share capital to Dix for a tract of land. The shares were actively traded in the stock exchange at P180 per share. On Dix's last property tax bill, the land had an assessed value of P1,000,000. 14. What is the increase in additional paid in capital of Smart as a result of the foregoing issuance of shares? Global Company exchanges a piece of equipment for 4,000 shares of International Company's ordinary share capital that has a P100 par value. The equipment cost Global P1,000,000 when purchased five years ago, and currently has a fair value of P560,000. The equipment has a recorded accumulated depreciation of P550,000 in the books of Global. 15. What is the amount credited to Share Premium- Ordinary as a result of this exchange? I. Worldwide Company was authorized to issue 10,000 preference shares of P200 par value and 100,000 ordinary shares of P20 par value. Subscription for 4,000 preference shares was received at P225 per share with a down payment of 25%. The balance is payable after 60 days. J. 16. What is the amount of Share Premium - Preference recognized by Worldwide upon receipt of the preference share subscription? On January 31, 2018, Mendoza Corporation was incorporated with an authorized share capital of P3,000,000 divided into 100,000 shares of P30 par. In February, 30,000 shares were sold for P40 per share. In March, 20,000 shares were sold on a subscription basis at a price of P45 per share. As of December 31, 2018, one-half of the subscriptions in March was collected. 17. What amount will appear on the December 31, 2018 statement of financial position as Ordinary Share Capital? K. The following is a list of selected account balances taken from the December 31, 2018 general ledger of Marcelo Corporation: L. Accounts Payable Accounts Receivable Ordinary Share Capital Share Premium - Ordinary Share Share Premium - Preference Share Preference Share Capital Subscribed Preference Share Retained Earnings Subscription Receivable - Preference Share P1,400,000 2,357,000 1,260,000 1,082,750 92,100 500,000 140,000 191,950 105,000 18. What is the total contributed capital for Marcelo Corporation at December 31, 2018? 19. What is the total shareholders' equity of Marcelo Corporation at December 31, 2018? World-Class Corporation's records included the following shareholders' equity accounts: Preference Share, P15 par; 200,000 shares authorized P2,550,000 Share Premium - Preference 340,000 Ordinary Share, no par, P50 stated value; 100,000 shares authorized 3,000,000 20. What was the average issue price of the preference share? 21. How many ordinary shares were issued? B. The shareholders' equity of Janet Corporation at the end of 2018 and 2017. are as follows: 12% Preference Share, P100 par Ordinary Share, P20 par Share Premium - Preference Share Premium - Ordinary 111.11 7. 2018 P1,000,000 2017 P 600,000 2,000,000 1,800,000 160,000 800,000 400,000 What is the total number of ordinary shares issued at December 31, 2018? How many preference shares were issued during 2018? What is the average issue price per share of the preference issued in 2018? How many ordinary shares were issued in 2018? What is the average issue price per share of the ordinary shares issued in 2018? C. On July 1, 2018, Nokia Corporation issued 1,000 P10 par ordinary shares and 2,000 P10 par convertible preference shares for a lump sum price of P45,000. At this date, Nokia's ordinary and preference were selling at P18 and P14 per share, respectively. 9. 10. What is the amount credited to Share Premium Ordinary? What is the amount credited to Share Premium Preference? D. E. Bosch Corporation was organized on January 1, 2018. It was authorized by the Securities and Exchange Commission to issue share capital of P5,000,000 divided into 50,000 shares of P100 par value ordinary share capital. The incorporators immediately subscribed to 12,500 shares at par. How much must be paid by the incorporators upon subscription in order that it would meet the requirements of the SEC? 11. On April 1, 2018, Globe Corporation, a newly formed company, had the following share capital issued and outstanding: Ordinary Share Capital, no par, P10 stated value, 20,000 shares originally issued at P30 per share. Preference Share Capital, P100 par, 600 shares originally issued at P500 per share. 12. What are the amounts of Ordinary Share Capital, Preference Share Capital, and Additional Paid in Capital, respectively, that Globe Corporation should report in its April 1, 2018 statement of shareholders' equity? F. Fortune Company prepared this journal entry on June 30, 2018: Cash 140,000 Ordinary Share Capital 130,000 Share Premium - Ordinary 10,000 Issued ordinary shares at P140 per share. 13. What is the par value of the share and how many shares were issued? G. H. H. 000 On June 1, Smart Company issued 8,000 shares of its P100 par ordinary share capital to Dix for a tract of land. The shares were actively traded in the stock exchange at P180 per share. On Dix's last property tax bill, the land had an assessed value of P1,000,000. 14. What is the increase in additional paid in capital of Smart as a result of the foregoing issuance of shares? Global Company exchanges a piece of equipment for 4,000 shares of International Company's ordinary share capital that has a P100 par value. The equipment cost Global P1,000,000 when purchased five years ago, and currently has a fair value of P560,000. The equipment has a recorded accumulated depreciation of P550,000 in the books of Global. 15. What is the amount credited to Share Premium- Ordinary as a result of this exchange? I. Worldwide Company was authorized to issue 10,000 preference shares of P200 par value and 100,000 ordinary shares of P20 par value. Subscription for 4,000 preference shares was received at P225 per share with a down payment of 25%. The balance is payable after 60 days. J. 16. What is the amount of Share Premium - Preference recognized by Worldwide upon receipt of the preference share subscription? On January 31, 2018, Mendoza Corporation was incorporated with an authorized share capital of P3,000,000 divided into 100,000 shares of P30 par. In February, 30,000 shares were sold for P40 per share. In March, 20,000 shares were sold on a subscription basis at a price of P45 per share. As of December 31, 2018, one-half of the subscriptions in March was collected. 17. What amount will appear on the December 31, 2018 statement of financial position as Ordinary Share Capital? K. The following is a list of selected account balances taken from the December 31, 2018 general ledger of Marcelo Corporation: L. Accounts Payable Accounts Receivable Ordinary Share Capital Share Premium - Ordinary Share Share Premium - Preference Share Preference Share Capital Subscribed Preference Share Retained Earnings Subscription Receivable - Preference Share P1,400,000 2,357,000 1,260,000 1,082,750 92,100 500,000 140,000 191,950 105,000 18. What is the total contributed capital for Marcelo Corporation at December 31, 2018? 19. What is the total shareholders' equity of Marcelo Corporation at December 31, 2018? World-Class Corporation's records included the following shareholders' equity accounts: Preference Share, P15 par; 200,000 shares authorized P2,550,000 Share Premium - Preference 340,000 Ordinary Share, no par, P50 stated value; 100,000 shares authorized 3,000,000 20. What was the average issue price of the preference share? 21. How many ordinary shares were issued?