FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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The accounts below appear in the December 31, 2019 balance of J Company:

Authorized ordinary share capital                             P5,000,000

Unissued ordinary share capital                                 2,000,000

Subscribed ordinary share capital                              1,000,000                     

Subscription Receivable                                                400,000

Share Premium                                                              500,000

Retained Earnings                                                       1,100,000

Treasury ShareCost                                                     100,000

In its December 31, 2019 balance sheet, J Company should record a total shareholder’s equity of

a.P5,500,000              
b.P4,900,000           
c.P5,100,000                  
d.P4,800,000
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