To continue in no. 13 (it is in the picture), assume the following transactions took place during 2020:Jan. 10 - One-half of the subscriptions receivable were collected and certificates of stock issued for 1,000 shares.20 Remaining subscriptions were declared delinquent and the corresponding chares put up for public auction. Advertising paid, P5,500. 25 A bidder for 300 shares paid the amount due plus accrued interest of P750 and the corresponding certificates were issued.31 A stockholder received 2,000 preferred shares with a market value of P200 201Feb. 8 - 300 treasury shares were sold for P45,00020 - A shareholder paid P70,000 for 500 common shares.28 - 5,000 preferred shares were redeemed at a price of P120 per shareMar. 1 - 100 treasury shares were sold for P10,000.Direction:1) Prepare a table tracking down the movement of the stocks, one each for the preferred and common. Start with the December 31 balances. 2) Journal entries 3) Prepare the shareholders' equity section as of March 31, 2016. 4) For each class of stock, answer the same requirements as in Exercise 13. Ity section of the corporation.13 The following accqunts appear in the trial balance of DAVAO EAGLE Corporation as ofDecember 31, 2019:Redeemable Preference Share Capital, par P100, authorized 50,000 P1,700,000sharesSubscribed Preference Share CapitalSubscription Receivable, Preference SharesAuthorized Ordinary Share Capital, P100 stated valueUnissued Ordinary Share CapitalOrdinary Share PremiumPreference Share Premium200,000150,0001,000,000500,00055,000300,00060,000Treasury Shares (500 ordinary shares)Direction:For each class of stock, compute for the authorized number of shares, issued shares,unissued shares, issued and outstanding shares, subscribed shares, still available forsubscription, legal capital.14. To continue with problem 13, assume the following transactions took place during 2020:Jan. 10One half of the subscriptions receivable were collected and certificates ofstock issued for 1,000 shares.Remaining subscriptions were declared delinquent and the correspondingchares put up for public auction. Advertising paid, P5,500.A bidder for 300 shares paid the amount due plus accrued interest of P7502025and the corresponding certificates were issued.A stockholder received 2,000 preferred shares with a market value of P20031 5,000 preferred shares were redeemed at a price of P120For each class of stock, answer the same requirements as in Exercise 13.300 treasury shares were sold for P45,000.Prepare the shareholders' equity section as of March 31, 2016.preferred and common. Start with the December 31 balances.A shareholder paid P70,000 for 500 common shares.100 treasury shares were sold for P10,000.Feb. 820per share,28Mar. 1Direction:1)preferred and common, Start with the December 31 balances.2)Journal entries3)Prepare the shareholders' equity section as of March 31, 2016.4)For each class of stock, answer the same requirements as in Exercise 13.

Question

To continue in no. 13 (it is in the picture), assume the following transactions took place during 2020:Jan.   10 - One-half of the subscriptions receivable were collected and certificates of stock issued for 1,000 shares.20 Remaining subscriptions were declared delinquent and the corresponding chares put up for public auction. Advertising paid, P5,500. 25 A bidder for 300 shares paid the amount due plus accrued interest of P750 and the corresponding certificates were issued.31 A stockholder received 2,000 preferred shares with a market value of P200 201Feb.  8 - 300 treasury shares were sold for P45,00020 - A shareholder paid P70,000 for 500 common shares.28 - 5,000 preferred shares were redeemed at a price of P120 per shareMar.  1 - 100 treasury shares were sold for P10,000.Direction:1) Prepare a table tracking down the movement of the stocks, one each for the preferred and common. Start with the December 31 balances. 2) Journal entries 3) Prepare the shareholders' equity section as of March 31, 2016. 4) For each class of stock, answer the same requirements as in Exercise 13. Ity section of the corporation.13 The following accqunts appear in the trial balance of DAVAO EAGLE Corporation as ofDecember 31, 2019:Redeemable Preference Share Capital, par P100, authorized 50,000 P1,700,000sharesSubscribed Preference Share CapitalSubscription Receivable, Preference SharesAuthorized Ordinary Share Capital, P100 stated valueUnissued Ordinary Share CapitalOrdinary Share PremiumPreference Share Premium200,000150,0001,000,000500,00055,000300,00060,000Treasury Shares (500 ordinary shares)Direction:For each class of stock, compute for the authorized number of shares, issued shares,unissued shares, issued and outstanding shares, subscribed shares, still available forsubscription, legal capital.14. To continue with problem 13, assume the following transactions took place during 2020:Jan. 10One half of the subscriptions receivable were collected and certificates ofstock issued for 1,000 shares.Remaining subscriptions were declared delinquent and the correspondingchares put up for public auction. Advertising paid, P5,500.A bidder for 300 shares paid the amount due plus accrued interest of P7502025and the corresponding certificates were issued.A stockholder received 2,000 preferred shares with a market value of P20031 5,000 preferred shares were redeemed at a price of P120For each class of stock, answer the same requirements as in Exercise 13.300 treasury shares were sold for P45,000.Prepare the shareholders' equity section as of March 31, 2016.preferred and common. Start with the December 31 balances.A shareholder paid P70,000 for 500 common shares.100 treasury shares were sold for P10,000.Feb. 820per share,28Mar. 1Direction:1)preferred and common, Start with the December 31 balances.2)Journal entries3)Prepare the shareholders' equity section as of March 31, 2016.4)For each class of stock, answer the same requirements as in Exercise 13.

Accepted Answer

Note - First two parts of Q-14 have been solved . Please post a separate question for rest of the…