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Provide the journal enties for donation from shareholders

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Reference no: EM132758197

Donation from Shareholders, Entity A receives the following donations from a shareholders on December 25,20x1

a. Cash of P500,000

b. Equipment with historical cost of P900,000 and fair value of P700,000

c. 10,000 shares with par value of P100 and fair value of P210. the shares were reissue on January 5, 20x2 for P220 each.

Problem 1: Provide the Journal Enties.

Reference no: EM132758197

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