PART IV: SHAREHOLDER EQUITY In this section, you are given EIGHT Multiple Choice Questions on SHAREHOLDER EQUITY. USE THE INFORMATION GIVEN BELOW TO ANSWER QUESTIONS. Each question is independent of the others unless stated otherwise. USE THE INFORMATION GIVEN BELOW IN THIS SEGMENT TO ANSWER QUESTIONS V-In-Future, Inc., [VIF] reported 1,000,000 no par common shares and 500,000 no par, $0.60 preferred shares authorized, on January 1, 2018. On the same date, 600,000 common shares [contributed capital $1,800,000] and 350,000 preferred shares [contributed capital $1,750,000] were outstanding. Tapah will help 1, 2014: Common shares - 200.000 no par value issued and outstanding 51,197.000 Cono buted surplus-share purchase 18,000 On February 1, 2018 The company issued an addol 2000 cares $4.58. Therasher on April 1, 2018 is an additional 17/02 common shares at $410 ach On May 1, 2013. hohe back on connan shares a $1.60 exch and canneled there. The proprie journal entry to record the transaction on wy would be 2. DEBIT-Cormon Shares 15231.000: CREDIT-Cash (5230,000 PETITS 000. I- Caps SHS TOO. DICIT 12 mm E. DEBIT-Cormon Shares 200 000 DEBIT-Cond Surpus. Share Represe818 OB DEBIT-LOGGs Share Repurch 15,00 DEBIT-Retained Earrings 187.000 CREDIT Casa 1923,000 d DEBIT Common Shares 1520:1.500 DEBIT Contributed Surp LC Share Repurchsc 1818.000 DEBIT Retained Earning: 10.500 CREDIT C 320,000. Ninguna anty is required for this and the share the cancelled HISE THE INCHKINATION GIVEN RFICIW IN THIS SEGMENT DANSWER QUESTIONS SS Wind.N-Ergee, Inc. [WNEJ is authorized to issue 60001 common shares. It issued subscriptions for 40,007 common shares at 513 per share on February 1, 2017. It required subscribers to pay on this date and the balance later on demand. Similar shares of the come any wore being traded in the marked at 520 each on that date. The Jumal entry to record this transaction on February 1, 2017, would be 2 DEBIT-Cash (98 480,0001 CREDIT Common Shares Capital 156.480,000 DEBIT 3 Subcriafone Receivable 3283,900: DEBIT Cash 15432,000 CREDIT Connon Shares Subscribed 9720 035. DEBIT-mutator F154.321.000 DEBIT- C54EDOT CREDIT Common Share Butecribe: 1310.020,0001 DEBIT-S Station 154.321.000: DEBIT-Cash 514 DOUL CREDIT Common Share Capitsi 81.000.000. DEBIT-Store Station Fees 15281,900: DEBIT-C: 5432000: DEBIT-Loss Subscription $10.00TL CREDIT Common Share Butecribes 5800,900. Continuing with the activity outlined in [S], WNE calls for a second instamment of 30% nay 1. Subscribers win 450 subscription failed to pay dapi sera reminder being said by the company. The company forted their sutecriptions and received the payments from the remaining subscribers. The joumaltly to record this transaction web * DEBIT-Ceh (5212 STOL DEBIT- Cuted Surplus - Station (572004: CREDIT-Shure Sterne Fetusble 5214.810 DEHICH DIES- L3200 CHIS. I 19218 L. DEBIT-Ch 21 57: CREDIT-Sher Site Receivable 15213.570 DERIC 9213:50: DEC, 100 CREDIT-Star Subscriptions Faciale 15218.10 CREDIT-Gain on Subscriton 51 - XLII-CH 213.50 DL- CSS, CREDIT-Star Subscriptions Recibe 18216,610 CREDIT-Coed Surplus - Subwaist 51.90 Continuing with the activity Oudined in [59] and [9] above, WNE calls for the fnal instalnicnton August 1. The remaining subscribers, who were in good standing paid the amounts due. Thereafter on August 15, 2019, WNE issues the common shares due to the remaining subscribers. The cery to record Anichissue of the shares would be 2 DEBIT Store Subcriation Receivab: 13711,000 CREDIT Cannon Bare Capital (5711,000 DEBIT-Cormon shares Suscribed 1510.809,900: CREDIT-Common Shares Captal 510.500,00 DEBIT Corrmon Sharos Sussenbod [5711.000 CREDIT Cannon Share Capital 8711,000. DEBIT-Share Sutecriptors Receivable [571,150: CREDIT Connier Share Capitsi [571.150 own PART IV: SHAREHOLDER EQUITY In this section, you are given EIGHT Multiple Choice Questions on SHAREHOLDER EQUITY. USE THE INFORMATION GIVEN BELOW TO ANSWER QUESTIONS. Each question is independent of the others unless stated otherwise. USE THE INFORMATION GIVEN BELOW IN THIS SEGMENT TO ANSWER QUESTIONS V-In-Future, Inc., [VIF] reported 1,000,000 no par common shares and 500,000 no par, $0.60 preferred shares authorized, on January 1, 2018. On the same date, 600,000 common shares [contributed capital $1,800,000] and 350,000 preferred shares [contributed capital $1,750,000] were outstanding. Tapah will help 1, 2014: Common shares - 200.000 no par value issued and outstanding 51,197.000 Cono buted surplus-share purchase 18,000 On February 1, 2018 The company issued an addol 2000 cares $4.58. Therasher on April 1, 2018 is an additional 17/02 common shares at $410 ach On May 1, 2013. hohe back on connan shares a $1.60 exch and canneled there. The proprie journal entry to record the transaction on wy would be 2. DEBIT-Cormon Shares 15231.000: CREDIT-Cash (5230,000 PETITS 000. I- Caps SHS TOO. DICIT 12 mm E. DEBIT-Cormon Shares 200 000 DEBIT-Cond Surpus. Share Represe818 OB DEBIT-LOGGs Share Repurch 15,00 DEBIT-Retained Earrings 187.000 CREDIT Casa 1923,000 d DEBIT Common Shares 1520:1.500 DEBIT Contributed Surp LC Share Repurchsc 1818.000 DEBIT Retained Earning: 10.500 CREDIT C 320,000. Ninguna anty is required for this and the share the cancelled HISE THE INCHKINATION GIVEN RFICIW IN THIS SEGMENT DANSWER QUESTIONS SS Wind.N-Ergee, Inc. [WNEJ is authorized to issue 60001 common shares. It issued subscriptions for 40,007 common shares at 513 per share on February 1, 2017. It required subscribers to pay on this date and the balance later on demand. Similar shares of the come any wore being traded in the marked at 520 each on that date. The Jumal entry to record this transaction on February 1, 2017, would be 2 DEBIT-Cash (98 480,0001 CREDIT Common Shares Capital 156.480,000 DEBIT 3 Subcriafone Receivable 3283,900: DEBIT Cash 15432,000 CREDIT Connon Shares Subscribed 9720 035. DEBIT-mutator F154.321.000 DEBIT- C54EDOT CREDIT Common Share Butecribe: 1310.020,0001 DEBIT-S Station 154.321.000: DEBIT-Cash 514 DOUL CREDIT Common Share Capitsi 81.000.000. DEBIT-Store Station Fees 15281,900: DEBIT-C: 5432000: DEBIT-Loss Subscription $10.00TL CREDIT Common Share Butecribes 5800,900. Continuing with the activity outlined in [S], WNE calls for a second instamment of 30% nay 1. Subscribers win 450 subscription failed to pay dapi sera reminder being said by the company. The company forted their sutecriptions and received the payments from the remaining subscribers. The joumaltly to record this transaction web * DEBIT-Ceh (5212 STOL DEBIT- Cuted Surplus - Station (572004: CREDIT-Shure Sterne Fetusble 5214.810 DEHICH DIES- L3200 CHIS. I 19218 L. DEBIT-Ch 21 57: CREDIT-Sher Site Receivable 15213.570 DERIC 9213:50: DEC, 100 CREDIT-Star Subscriptions Faciale 15218.10 CREDIT-Gain on Subscriton 51 - XLII-CH 213.50 DL- CSS, CREDIT-Star Subscriptions Recibe 18216,610 CREDIT-Coed Surplus - Subwaist 51.90 Continuing with the activity Oudined in [59] and [9] above, WNE calls for the fnal instalnicnton August 1. The remaining subscribers, who were in good standing paid the amounts due. Thereafter on August 15, 2019, WNE issues the common shares due to the remaining subscribers. The cery to record Anichissue of the shares would be 2 DEBIT Store Subcriation Receivab: 13711,000 CREDIT Cannon Bare Capital (5711,000 DEBIT-Cormon shares Suscribed 1510.809,900: CREDIT-Common Shares Captal 510.500,00 DEBIT Corrmon Sharos Sussenbod [5711.000 CREDIT Cannon Share Capital 8711,000. DEBIT-Share Sutecriptors Receivable [571,150: CREDIT Connier Share Capitsi [571.150 own