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Find how much is balance of ordinary share capital account

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Reference no: EM132945606

Apple Corp.was organized on January 5, 2019 with authorized capital of 100,000 ordinary shares, P20 par value. During 2019, Apple Corp. had the following transactions affecting the shareholders' equity.

Jan.10 Issued 25,000 shares at P22 pershare
Mar.25 Issued 1,000 shares for legal service when the fair value was P24 per share.
Sep.30 Issued 5,000 shares for a piece of equipment when the value was P26 per share.

Problem 1: How much is the balance of the ordinary share capital account as of September 30?

Reference no: EM132945606

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