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What is the total amount invested by all shareholders

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Problem - Issuance of Ordinary and Preference Shares - On July 2, 2019, Victorino Corporation issued for cash 12,000 shares for no-par ordinary shares with a stated value of P13 per share at P17. On July 17, it issued for cash 800 shares of P110-par 1D% preference shares at P112.

Required -

1. Prepare the journal entries for July 2 and July 17.

2. What is the total amount invested by all shareholders as of July 17?

Reference no: EM133058044

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