Chapter 15 Problem Solving 1-3

Please provide solution and explanation on each problem :) It will really help me a lot :)

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Corporations: Share Capital, Retained Earnings and Financial Reporting | 15-31 NAME: SCORE: SECTION: PROFESSOR: Problem #1 Shares Issuance for Cash Roa Corporation's articles authorized the issuance of 100,000 ordinary shares. Roa sold the following ordinary shares during 2018. Feb. 12 Sold 1,000 shares for P100,000. July 10 Sold 5,000 shares for P630,000. Nov. 5 Sold 7,500 shares for P1,050,000. Required: Prepare journal entries to record each issuance, assuming that: 1. the ordinary shares has a P100 par value. 2. the ordinary shares has a P10 stated value. 3. the ordinary shares has no-par or stated value.15-32 | Basic Financial Accounting and Reporting by Prof. WIN Ballada NAME: SCORE: SECTION: PROFESSOR: Problem #2 Issuance of Ordinary and Preference Shares On July 2, 2019, Victorino Corporation issued for cash 12,000 shares of no-par ordinary shares with a stated value of P13 per share at P17. On July 17, it issued for cash 800 shares of P110-par 10% preference shares at P112. Required: sha 000,8 5% 1. Prepare the journal entries for July 2 and July 17. 2. What is the total amount invested by all shareholders as of July 17?Corporations: Share Capital, Retained Earnings and Financial Reporting | 15-33 NAME: SCORE: SECTION: PROFESSOR: Problem #3 Issuance of Ordinary Shares The Delgado Software Corporation is authorized to issue 80,000 ordinary shares. During the current year, the corporation issued 25,000 shares. Required: Prepare the required entry to record the issuance of the ordinary shares under each of the following assumptions: 1. The shares have a P5 par value and were sold for P20 per share. 2. The shares are no-par but have a stated value of P10. The total issue price was P850,000. 3. The shares are no-par and have no stated value. They were issued at P25 per share