Please help me solve these problems, kindly provide explanation also. Thank you

1.) Good Harvest Corporation was incorporated on January 1, 2021, with authorized share capital of 300,000 shares at P20 par value. Record the transactions completed during the months of January and February usi

(1) the memorandum entry method

(2) the journal entry method

a. The incorporators subscribed to twenty five percent of the authorized share capital and paid 25% of the subscription price

b. Good Harvest issued 10,000 shares for cash at P22 per share.

c. The corporation received subscription for 5,000 shares at P24 per share. Thirty percent of the subscription was collected and the balance is due on March 31, 2021.

d. The incorporators in (a) paid the balance due on their subscriptions, and the share certificates were accordingly issued.

2.) Use the same information given in problem 1. Present the shareholders equity section of the statement of financial position of Good Harvest Corporation on February 28, 2021 using

(1) the memorandum entry method

(2) the journal entry method