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Compute the total outstanding preference shares

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Question - The accounts shown below appear on the December 31, 2022 trial balance of BTS Company:

Authorized preference share (P50 par value) - P2,500,000

Ordinary share (authorized 100,000 shares no par value, issued 75,000 shares, P15 stated value) -1,125,000

Unissued preference share - 900,000

Share premium - ordinary - 500,000

Subscribed preference share - 150,000

Subscribed ordinary share - 135,000

Subscription receivable - ordinary - 85,000

Subscription receivable - preference - 100,000

Treasury share, preference (2,500 shares at cost) - 150,000

Retained earnings - 1,500,000

Required -

1. Compute the total outstanding preference shares.

2. What is the total shareholders' equity of BTS Company?

Reference no: EM133188481

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