BABE SHANE F.
LAURON BAE-1B
Problem 8-5
Memorandum Method Journal Entry Method
1-Jan Memo Entry ( in the Ledger) 1-Jan Unissued Share Capital
Authorized Capital (10,000 x 100
2-Feb Subscribed Share Capital 1,800,000 2-Feb Subscribed Share Capital
Share Capital (15,000 x 120) 1,800,000 Share Capital (15,000 x 120)
9-Dec Cash 15,000 9-Dec Cash
Subscribed Receivable 15,000 Subscribed Receivable
1,000,000
1,000,000
1,800,000
1,800,000
15,000
15,000
Problem 8-6 " Case 1- Par Value is P100"
Memorandum Method Journal Entry Method
a. Memo Entry (in the Ledger) a. Unissued Ordinary Share
Authorized Ordinary Share (50,000x100)
b. Subscriptions Receivable 2,400,000 b. Subscriptions Receivable
Subscribed Ordinary Sales 2,000,000 Subscribed Ordinary Shares
Share Premium Ordinary (20x20,000) 400,000 APIC (20x20,000)
c. Cash 1,200,000 c. Cash
Subscriptions Receivable 1,200,000 Subscriptions Receivable
Subscribed Ordinary Sales 800,000 Subscribed Ordinary Shares
Ordinary Share Capital (2,000,000x40%) 800,000 Unissued Ordinary Shares
d. Cash 1,200,000 d. Cash
Subscriptions Receivable 1,200,000 Subscriptions Receivable
Subscribed Ordinary Sales 1,200,000 Subscribed Ordinary Shares
Ordinary Share Capital (2,000,000x40%) 1,200,000 Unissued Ordinary Shares
e. Cash 1,500,000 e. Cash
Ordinary Share Capital 1,000,000 Unissued Ordinary Shares
APIC 500,000 Share Premium Ordinary
f. Cash 50,000 f. Cash
Subscriptions Receivable 280,000 Subscriptions Receivable
Subscribed Ordinary Shares 300,000 Subscribed Ordinary Shares
Share Premium Ordinary 30,000 Share Premium Ordinary
y Method
5,000,000
5,000,000
2,400,000
2,000,000
400,000
1,200,000
1,200,000
800,000
800,000
1,200,000
1,200,000
1,200,000
1,200,000
1,500,000
1,000,000
500,000
50,000
280,000
300,000
30,000
Case 2- Stated Value at P50
Memorandum Method Journal Entry Method
a. Memo Entry (in the Ledger) a. Unissued Share Capital
Authorized Share Capital
b. Subscriptions Receivable 2,400,000 b. Subscriptions Receivable
Subscribe Share Capital 1,000,000 Subscribed Share Capital
Share Premium (70x20,0000 1,400,000 Share Premium (70x20,000)
c. Cash 1,200,000 c. Cash
Subscriptions Receivable 1,200,000 Subscriptions Receivable
Subscribed Capital 400,000 Subscribed Capital
Share Capital (1,000,000x40%) 400,000 Unissued Share Capital
d. Cash 1,200,000 d. Cash
Subscriptions Receivable 1,200,000 Subscriptions Receivable
Subscribed Capital 600,000 Subscribed Share Capital
Share Capital 600,000 Unissued Share Capital
e. Cash 1,500,000 e. Cash
Share Capital (10,000x50) 500,000 Unissued Share Capital
Share Premium 1,000,000 Share Premium
f. Cash 50,000 f. Cash
Subscriptions Receivable 280,000 Subscriptions Receivable
Subscribed Share Capital 150,000 Subscriptions Share Capital
Share Premium 180,000 Share Premium
try Method
2,500,000
2,500,000
2,400,000
1,000,000
0) 1,400,000
1,200,000
1,200,000
400,000
400,000
1,200,000
1,200,000
600,000
600,000
1,500,000
500,000
1,000,000
50,000
280,000
tal 150,000
180,000
