Question: pls help me tyyyy PROBLEM 6: FOR CLASSROOM DISCUSSION Nemorandum method vs. Journal entry method Horizon Co. was incorporated in 201. The following were the

pls help me tyyyy

PROBLEM 6: FOR CLASSROOM DISCUSSION Nemorandum method vs. Journal entry method Horizon Co. was incorporated in 201. The following were the Requirements: a. Provide the journal entries under (1) memorandum method and (2) journal entry method. b. Prepare the share capital portion of Horizon Co.'s statement of financial position as of February 28, 20x1. Pechay Co. reacquires 3,000 shares at P90 on Sept. 1, 20x1, Requirements: Provide the entries to record the reacquisition and the reissuance under the following independent scenarios: a. all the treasury shares were reissued on Nov, 5, 20x1 at P140. b. all the treasury shares were reissued on Nov. 5, 201 at P60

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