What is the total issued share capital for shena company

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Reference no: EM132771026

Shena Company reported the following accounts in the year-end trial balance:

Preference share capital authorized (P100 par value) 2,500,000;

Ordinary share capital(authorized 100,000 shares, no par value,issued 90,000 shares, P15 stated value) 1,350,000;

Subscription receivable, ordinary 85,000;

Subscription receivable, preferred 100,000;

Preference share capital subscribed 150,000;

Ordinary share capital subscribed 135,000;

Treasury preference shares (2,500 shares at cost) 300,000;

Retained Earnings 1,000,000; and

Share premium - ordinary 475,000.

Question 1: What is the total issued share capital?

Option 1: 2,950,000
Option 2: 1,539,000
Option 3: 1,350,000
Option 4: 3,850,000

Reference no: EM132771026

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