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    How Much Is The Legal Capital? (2,300,000 + 5.250,000) 7550000

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    jelai anselmo
    This document contains accounting entries for a company over multiple dates. It records transactions including the issuance of preference shares and ordinary shares, receipt of cash from shareholders, purchase of treasury stock and special equipment, and recognition of income. The legal capital is calculated as the sum of issued share capital and share premium, which equals $7,550,000.

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    How Much Is The Legal Capital? (2,300,000 + 5.250,000) 7550000

    Uploaded by

    jelai anselmo
    89 views5 pages
    This document contains accounting entries for a company over multiple dates. It records transactions including the issuance of preference shares and ordinary shares, receipt of cash from shareholders, purchase of treasury stock and special equipment, and recognition of income. The legal capital is calculated as the sum of issued share capital and share premium, which equals $7,550,000.

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    20-26

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    This document contains accounting entries for a company over multiple dates. It records transactions including the issuance of preference shares and ordinary shares, receipt of cash from shareholders, purchase of treasury stock and special equipment, and recognition of income. The legal capital is calculated as the sum of issued share capital and share premium, which equals $7,550,000.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    89 views5 pages

    How Much Is The Legal Capital? (2,300,000 + 5.250,000) 7550000

    Uploaded by

    jelai anselmo
    This document contains accounting entries for a company over multiple dates. It records transactions including the issuance of preference shares and ordinary shares, receipt of cash from shareholders, purchase of treasury stock and special equipment, and recognition of income. The legal capital is calculated as the sum of issued share capital and share premium, which equals $7,550,000.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 5

    Problem #20

    How much is the legal capital?

    (2,300,000 + 5.250,000)

    7550000
    Problem #21
    Required 1
    Preference Shares Share Premium - PS
    1,450,000 870,000

    Required 2

    10-Jan Cash 2,880,000


    Ordinary Shares 1,600,000
    Share Premium - OS 1,280,000

    23 Cash 1,200,000
    Treasury Stock 600,000
    Paid-in Capital from Treasury stock 600,000

    2-Mar Cash 400,000


    Donated Capital 400,000

    14 Cash 630,000
    Treasury Stock 600,000
    Share Premium - TS 30,000

    14

    15-Jul special equipment 1,440,000


    Preference Shares 800,000
    Share Premium - PF 640,000

    15-Sep Subscription Receivable Ordinary Shares 4,500,000


    Subscribed Ordinary Shares 4,500,000

    15-Oct Cash 1,800,000


    Subscription Receivable Ordinary Shares 1,800,000

    15-Nov Cash 2,700,000


    Subscription Receivable Ordinary Shares 2,700,000

    Subscribed Ordinary Share 4,500,000


    Ordinary Shares 4,500,000
    31-Dec Income Summary 522,000
    Retained earnings 522,000
    Ordinary Shares Share Premium - OS
    4,000,000 2,400,000
    Treasury Stock Share Premium - TS

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