1)
Mar. 1 Treasury Share 500,000.00
Cash
Retained Earnings 500,000.00
Retained Earnings Appropriated for Treasury Shares
Retained Earnings 1,000,000
Property dividends
Retained Earnings 2,000,000.00
Net Income 2,500,000.00
Acquistion of treasury shares 500,000.00
Distribution of property dividends 1,000,000.00
Unappropriated Retained Earnings
2)
Treasury Shares 216,000.00
Cash
Retained Earnings 216,000.00
Retained Earnings Appropriated for Treasury Shares
Cash 150,000.00
Treasury Shares
Paid-In Capital from Sale of Treasury
Retained Earnings Appropriated for Treasury Shares 108,000.00
Retained Earnings
Treasury shares 108,000.00
1,500sh x P72
Additional Paid-in Capital 42,000.00
(100-72) x 1,500sh
Retained Earnings 150,000.00
108,000 + 42,000
Ordinary Share -
3)
Retained Earnings 600,000.00
Share Capital Dividends Distributable
Retained Earnings 8,000,000.00
Retained Earnings (distribution of share capital dividend) (600,000)
Net Loss (1,200,000)
6,200,000.00
4)
issued 30,000
Tresury Shares (2,500)
27,500
four-for-one-split x 4
ordinary shares outstanding 110,000
5)
Preference Share Capital 1,500,000.00
Retained Earnings (375,000)
Ordinary Share Capital
PSC 15,000 x 100
OSC 15,000sh x 3sh x P25pv
RE 1,800,000-1,500,000
6)
Dividends in arrears
6,000sh x P100pv x 10% x 2
Current dividends
Required
Balance
In arrears at the end of 2018 0
7)
Retained Earnings 1,000,000.00
Scrip Dividends Payable
Interest Expense 75,000.00
Interest Payable
1,000,000 x 10% x 9/12
8) May-01
Cash 10,000.00
Teasury Shares
Jul-09
Unissued Ordinary Share Capital 570,000.00
Ordinary Share Capital
Ordinary Share Premium
Ordinary Share Capital
Issued 100,000
Treasury shares (5,000)
95,000
Treasury shares-sold 1,000
96,000
Unissued Ordinary Share Capital 10,000
106,000
Share Split 2-for-1 2
Outstanding at Dec. 31, 2018 212,000.00
9)
Total Cost of Treasury shares 400,000.00
Treasury Shares 5,000
Cost per Share ₱ 80.00
Share split 2 for 1 2
Cost per Share ₱ 40.00
10)
Treasury shares 700,000.00
Donated Capital
2000sh x P350mv
There will be no decrease in shareholders equity section as this transaction does not affect the shareh
11)
Authorized share capital, P 100 par P 5,000,000
Unissued share capital 2,000,000
Issued share capital 3,000,000
Subscribed Share Capital 1,000,000
Subscription Receivable-due 2021 (400,000)
Additional Paid-in Capital:
Share premium 500,000
Retained earnings, unappropriated 600,000
Retained earnings appropriated 300,000
Treasury shares, at cost, P 150 per share -150,000
Total shareholders' equity 4,850,000
12)
Treasury Shares 25000
Cash
200sh x P125
Retained Earnings 25000
Retained Earnings Appropriated for Treasury Share
Cash 22,000.00
Additional Paid-in Capital 2,000.00
Retained Earnings 1,000.00
Treasury Shares
200sh x P110
200sh x P15
200sh x P125
Retained Earnings Appropriated for Treasury Sales 25,000.00
Retained Earnings
Loss from Resale of treasury Shares 3,000.00
25,000 - 22,000
13)
Ordinary Share Capital, P30pv 750,000.00
Ordinary Share Premium 87,500.00
Ordinary Share Capital, P30 sv
Paid-in Capital from Exchange of par for Stated Value Share
Capital
There will be no effect in Additional Paid-in Capital since the par value was replaced by the stated
value with the same exact amount
14) Jan.2
Cash 450,000.00
Preference Share Capital
Preference Share Premium
Mar. 1
Cash 312,500.00
Ordinary Share capital
Ordinary Share Premium
Jul.1 Treasury Shares 140,000.00
Cash
Retained Earnings 140000
Retained Earnings
Sept. 30 Cash 120,000.00
Treasury Shares
Paid-In Capital from Sale of Treasury
Shareholders' Equity
Contributed Capital:
10%Preference Share Capital, 615,000 shares P25 15,375,000.00
Ordinary Share Capital, 6,022,500 shares outstanding, P5 2,500
shares in treasury 30,125,000.00
Preference Share Premium 3,075,000.00
Ordinary Share Premium 15,187,500.00
Paidin capital from Sale of Treasury Shares 15,000.00
Retained Earnings,
Retained Earnings Appropriated fro Treasury Shares 35,000.00
Unappropriated Retained Earnings 1,132,500.00
Total Contributed Capital and Retained Earnings
Less Treasury Shares, at cost (2,500 @14)
Total Shareholders' Equity
15)
Total NI since Incorporation 840,000
Ordinary Share Capital Distributable (65,000)
Retained Earnings, Dec. 31, 2019 775,000
500,000.00
500,000.00
1,000,000
4,500,000.00
(1,500,000)
3,000,000.00
216,000.00
216,000.00
108,000.00
42,000.00
108,000.00
600,000.00
1,125,000.00
Preference Ordinary Total
120,000.00 120,000.00
60,000.00 60,000.00
20,000.00 20,000.00
180,000.00 20,000.00 200,000.00
1,000,000.00
75,000.00
10,000.00
500,000.00
70,000.00
700,000.00
s transaction does not affect the shareholders' equity of a corporation
25000
25000
25000
25,000.00
750,000.00
87,500.00
par value was replaced by the stated
ount
375,000.00
75,000.00
125,000.00
187,500.00
140,000.00
140000
105,000.00
15,000.00
63,777,500.00
1,167,500.00
64,945,000.00
35000
₱ 64,910,000.00
