Reference no: EM132615272
Question -
1. GHI Corporation was authorized to issue the following:
5000 Preference shares, par value, P15/share
20,000 Ordinary shares with no par value with stated value of P10/share.
2. The incorporators subscribed a total of 2,000 preference shares and 5,000 ordinary shares.
3. The subscribers paid 25% of their subscriptions.
4. The incorporators paid their subscriptions in full.
5. The corresponding stock certificates were issued.
6. 500 preference shares at par value and 800 ordinary shares at stated value were subscribed with 50% down payment.
7. 100 preference shares at P16 per share and 300 ordinary shares at P12 share were subscribed.
8. Received cash subscriptions of 50 preference shares at par value and 100 ordinary shares at stated value.
9. Sold for cash 100 preference shares at P16 per share and 200 ordinary shares at P11 per share.
Required - Make a journal entry using a memo entry method.
|
Prepare the journal entries on the books of wildhorse ltd
: Prepare the journal entries on the books of Wildhorse Led. to revalue the building on December 31, 2019 and December 31, 2021 using the asset adjustment
|
|
Average power needed to finish the marathon
: The average time needed to finish a marathon is 4 hours, 21 min, and 21 s. What is the average power needed to finish the marathon?
|
|
Discuss the pros and cons of four of six correctional aims
: Discuss the pros and cons of four of the six correctional aims or goals of sentencing. Your initial post should be at least 250 words in length.
|
|
Do use the july as the acquisition date
: HTR purchased another 48% of GTR voting stock. Do we use the July 05, 20xx, as the acquisition date? What might be the % we would use?
|
|
Make a journal entry using a memo entry method
: The incorporators subscribed a total of 2,000 preference shares and 5,000 ordinary shares. Make a journal entry using a memo entry method
|
|
Evaluate which theories would best support your thesis
: In Chapters 2 and 3 of the text, our author addresses biological, psychological and sociological theories to help explain juvenile delinquency.
|
|
Explain the role gross profit and inventory turnover play
: Explain the role gross profit and inventory turnover play in a company's profitability. Compare and contrast gross profit and ending inventory.
|
|
What two specific activities separate in particular business
: What two specific activities/duties would you separate in your particular business? A photography and film studio. The company would have a receptionist
|
|
Journalize the transactions in the books of Gaurav
: Question - Journalize the following transactions in the books of Gaurav, post them into ledger and prepare trial balance for June 2015
|