FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question
Answer 7 to 10
H. Below is a partial list of account titles and balances for the TNT Corporation as of December 31, 2018. Cash P 320,000 Notes Receivable 24,000 400,000 Preference Share Capital, P 100 par, 10,000 shares authorized Ordinary Share Capital, P 20 par, 100,000 shares authorized 1,000,000 Preference share premium 150,000 Ordinary share premium 200,000 Retained Earnings 250,000 Accounts Payable 150,000 Sales 950,000 Compute for the following: 1) How many shares were issued for the Preference Share Capital? 2) How many shares were issued for the Ordinary Share Capital? 3) How much is the premium per share for the Preference Share Capital? How much is the premium per share for the Ordinary Share Capital? 4) 5) How much is the issuance price for the Preference Share Capital? 6) How much is the issuance price for the Ordinary Share Capital? 7) How much is the total Share Capital? 8) How much is the total Additional Paid In Capital? 9) How much is the total Contributed Capital? 10) How much is the Total Shareholders 'Equity?
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Transcribed Image Text:H. Below is a partial list of account titles and balances for the TNT Corporation as of December 31, 2018. Cash P 320,000 Notes Receivable 24,000 400,000 Preference Share Capital, P 100 par, 10,000 shares authorized Ordinary Share Capital, P 20 par, 100,000 shares authorized 1,000,000 Preference share premium 150,000 Ordinary share premium 200,000 Retained Earnings 250,000 Accounts Payable 150,000 Sales 950,000 Compute for the following: 1) How many shares were issued for the Preference Share Capital? 2) How many shares were issued for the Ordinary Share Capital? 3) How much is the premium per share for the Preference Share Capital? How much is the premium per share for the Ordinary Share Capital? 4) 5) How much is the issuance price for the Preference Share Capital? 6) How much is the issuance price for the Ordinary Share Capital? 7) How much is the total Share Capital? 8) How much is the total Additional Paid In Capital? 9) How much is the total Contributed Capital? 10) How much is the Total Shareholders 'Equity?
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