Question: Sorry it is tilted, can i ask for help in recording these in memorandum entry method. It is about Corporation: Formation and Share Capital Transactions.

Sorry it is tilted, can i ask for help in recording these in memorandum entry method. It is about Corporation: Formation and Share Capital Transactions. Thank you so much!

Sorry it is tilted, can i ask for help in
The Fernandez Corporation was incorporated on september 1, 2018 and was ou therized to issue share capital as follows : 200,000 shares of no par ordinary share 5, 000 shares of 6% preference share at a par value of P200 The Following share capital transactions took place in september and october 2018. a . On september 14, subscriptions were received for the authorized ordinary shares at P30 per share on the following terms : 25 % down in cash at the date of subscription, the balance is payable in three equal installments due on October 15 , November 15 and December 15 . b. On september 18 , all of the preference shares are sold for cash at 1220 per share . Transaction costs of provo were incurred and paid. C. On october Is, collected the first installment of the subscription in ( a )

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