Callbrated Problems Easy problem 7-1. Memorandum Entry Method prepare the jourmal entries (without explanations) to record the foregoing Memorandum Entry Method. facts using the 1. Sisid Corporation was authorized to issue June 10,000 common shares at P100 par value cash. Stock certificate was issued on the June 2 Arturo bought 1,000 shares at par and paid same date June 2 Mayaman bought 1,000 shares at P110 and paid cash. Stock certificate was issued. 3 Benito subscribed 2,000 shares at par to be paid on Jyune 23 June 4 Kiko subscribed 1,000 shares at par. Paid P60,000 and the balance on June 24 June 5 Dondon subscribed 1,000 shares at par. The balance will be paid in August. June 23 Collected from Benito in full. Stock certificate was issued on the same date June 24 Collected from Kiko the balance and the stock certificate was issued in full. blem 7-2. Journal Entry Method Prepare the journal entries (without explanations) to record the foregoing facts using the Entry Method. June 1. Sisig Corporation was authorized to issue 10,000 common shares at P100 par June 2 Ann bought 1,000 shares at par and paid cash. Stock certificate was issued. June 2 Maya bought 1,000 shares at P110 and paid cash. Stock certificate June 3 Bog subscribed 2,000 shares at par to be paid on June 23. June 4 Kin subscribed 1,000 shares at par. Paid P60,000 and the balance on June 24 June 5 Dingdong subscribed 1,000 shares at par. The balance will be paid in August. June 23 Collected from Bog in full. Stock certificate was issued on the same date June 24 Collected from Kin the balance and the stock certificate was issued in full. value was issued