Saturday, 7 March 2015

Assignment 9: Akawnting

Shareholders' Equity Section


The shareholders' equity of Moonlight Corporation at January 2, 2015, appeared below:

 8% Preference Shares, P 150 par, 100,000 shares authorized, 20,000 shares issued and outstanding P 3,000,000
Ordinary shares, P 100 par, 200,000 shares authorized, 50,000 shares issued and outstanding P 5,000,000
Share premium - preference P 300,000
Share Premium - Ordinary P 200,000
Retained Earnings P 1,500,000

During 2015 the following transactions occurred:

  • Jan 5, issued 6,500 ordinary shares in exchange for a piece of land .  The land had a cost of P 500,000.  There was no available fair value of shares stock.
  • Feb 10, purchased 6,000 ordinary shares for the treasury at P 90 per share.
  • Feb 15 shareholders donated P 10,000 cash
  • May 7, issued 10,000 preference shares for P 160 per share
  • June 29, received subscription to 10,000 ordinary shares at P 120
  • Aug 17, received donation from ordinary shareholders, 2,000 ordinary shares
  • Sept 11, received full amount from subscribers and issued the shares
  • Oct 20,  sold 3,000 treasury shares at P 160 per share
  • Nov 22, retired 2,000 treasury shares.
  • Dec 31, Closed profit of P 450,000
Required:
  1. Prepare journal entries to record transactions (to be posted online)
  2. Prepare the December 31, 2015 Shareholders' equity section (yellow paper)
Note: To be submitted on or before March 8, 2015  (8 pm)


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68 comments:

  1. Anonymous7 March 2015 at 05:43

    Locop, Jun Joshua O.


    Jan 5 Land 650 000
    Ordinary Share 650 000
    To record issuance of
    ordinary share

    Feb 10 Treasury Stock 540 000
    Cash 540 000
    To record acquisition
    of treasury stock

    Feb 15 Cash 10 000
    Donated Capital 10 000
    To record receipt of donation

    May 7 Cash 1 600 000
    Preference Shares 1 500 000
    Share Premium- Preference 100 000
    To record issuance of
    preference share

    June 29 Subscriptions Receivable 1 200 000
    Subscribed Ordinary Shares 1 000 000
    Share Premium- Ordinary 200 000
    To record subscription

    Sept 11 Cash 1 200 000
    Subscribed Ordinary Shares 1 000 000
    Subscriptions Receivable 1 200 000
    Ordinary Shares 1 000 000
    To record issuance and
    receipt of payment

    Oct 20 Cash 480 000
    Treasury Shares 270 000
    Share Premium- Treasury 210 000
    To record reissuance of
    treasury share

    Nov 22 Ordinary Shares 180 000
    Treasury Shares 180 000
    To record retirement of
    treasury share

    Dec 31 Income Summary 450 000
    Retained Earnings 450 000
    To close profit

    ReplyDelete
  2. Anonymous7 March 2015 at 06:24

    Go, Yvette BSA-1b
    Jan. 5 land 650 000
    Ordinary shares 650 000
    Issuance of share for non-cash.
    Feb. 10 treasury stock 540 000
    Cash 540 000
    Acquisition of treasury stocks.
    Feb. 15 cash 10 000
    Donated capital 10 000
    To record donated cash.
    May 7 cash 1 600 000
    Preference share 1 500 000
    Share premium-preference 100 000
    Issuance of share for cash.
    June 29 subscription receivable 1 200 000
    Subscription ordinary share 1 000 000
    Share premium-ordinary 200 000
    To record subscription of shares.
    The corporation received 2 000 ordinary shares as a donation on August 17.
    Sept. 11 cash 1 200 000
    Subscription receivable 1 200 000
    Received full amount from subscribers.
    Subscribed ordinary share 1000 000
    Ordinary share 1 000 000
    Issuance of stock certificates.
    Oct. 20 cash 480 000
    Treasury stock 270 000
    Share premium-treasury 210 000
    Reissue of treasury stocks.
    Nov. 22 ordinary share 200 000
    Treasury stock 180 000
    Share premium-treasury 20 000
    Reissue of treasury stock above par.
    Dec. 31 income summary 450 000
    Retained earnings 450 000
    To record net income.

    ReplyDelete
  3. Anonymous7 March 2015 at 20:08

    LAGONOY, LORIE LYN C. BSA-1B

    Jan. 5 Land 650,000
    ----Ordinary Shares 650,000
    To record the 6,500 ordinary shares in exchange for land.

    Feb. 10 Treasury Stock 540,000
    ----Cash 540,000
    To record the acquisition of treasury stocks.

    15 Cash 10,000
    ----Donated Capital 10,000
    To record the donation of cash by the shareholders.

    May 7 Cash 1,600,000
    ----Preference Share 1,500,000
    ----Share Premium- Preference 100,000
    To record the issuance of 10,000 preference shares.

    June 29 Subscriptions Receivable 1,200,000
    ----Subscribed Ordinary Shares 1,000,000
    ----Share Premium- Ordinary 200,000
    To record the subscription of 10,000 ordinary shares.

    Sept. 11 Cash 1,200,000
    Subscribed Ordinary Shares 1,000,000
    ----Subscriptions Receivable 1,200,000
    ----Ordinary Shares 1,000,000
    To record the full payment from the subscribers and the issuance of shares.

    Oct. 20 Cash 480,000
    ----Treasury Stock 270,000
    ----Share Premium- Treasury 210,000
    To record the selling of 3,000 treasury shares.

    Nov. 22 Ordinary Shares 200,000
    ----Treasury Stock 180,000
    ----Share Premium- Treasury 20,000
    To record the retirement of 2,000 treasury shares.

    Dec. 31 Income Summary 450,000
    ----Retained Earnings 450,000
    To record the closing of income summary account.



    ReplyDelete
  4. Anonymous7 March 2015 at 20:08

    LAGONOY, LORIE LYN C. BSA-1B

    The Moonlight Corporation received 2,000 ordinary shares as donation from the ordinary shareholders on August 17, 2015.

    ReplyDelete
  5. Anonymous7 March 2015 at 20:10

    LAGONOY, LORIE LYN C. BSA-1B

    Jan. 5 Land 650,000
    ----Ordinary Shares 650,000
    To record the 6,500 ordinary shares in exchange for land.

    Feb. 10 Treasury Stock 540,000
    ----Cash 540,000
    To record the acquisition of treasury stocks.

    15 Cash 10,000
    ----Donated Capital 10,000
    To record the donation of cash by the shareholders.

    May 7 Cash 1,600,000
    ----Preference Share 1,500,000
    ----Share Premium- Preference 100,000
    To record the issuance of 10,000 preference shares.

    June 29 Subscriptions Receivable 1,200,000
    ----Subscribed Ordinary Shares 1,000,000
    ----Share Premium- Ordinary 200,000
    To record the subscription of 10,000 ordinary shares.

    Sept. 11 Cash 1,200,000
    Subscribed Ordinary Shares 1,000,000
    ----Subscriptions Receivable 1,200,000
    ----Ordinary Shares 1,000,000
    To record the full payment from the subscribers and the issuance of shares.

    Oct. 20 Cash 480,000
    ----Treasury Stock 270,000
    ----Share Premium- Treasury 210,000
    To record the selling of 3,000 treasury shares.

    Nov. 22 Ordinary Shares 200,000
    ----Treasury Stock 180,000
    ----Share Premium- Treasury 20,000
    To record the retirement of 2,000 treasury shares.

    Dec. 31 Income Summary 450,000
    ----Retained Earnings 450,000
    To record the closing of income summary account.

    ReplyDelete
  6. Anonymous7 March 2015 at 21:19

    BASILAN, ANGIELYN I BSA - IB


    Jan. 5 Land 650,000
    Ordinary Shares 650,000

    Feb. 10 Treasury Stock 540,000
    Cash 540,000

    15 Cash 10,000
    Donated Capital 10,000

    May 7 Cash 1,600,000
    Preference Shares 1,500,000
    Share Premium - Preference 100,000

    June 29 Subscriptions Receivable 1,200,000
    Subscribed Ordinary Shares 1,000,000
    Share Premium - Ordinary 200,000

    Sept. 11 Cash 1,200,000
    Subscribed Ordinary Shares 1,000,000
    Subscriptions Receivable 1,200,000
    Ordinary Shares 1,000,000

    Oct. 20 Cash 480,000
    Treasury Stock 270,000
    Share Premium - Treasury Stock 210,000

    Nov. 22 Ordinary Shares 200,000
    Treasury Stock 180,000
    Share Premium - Treasury Stock 20,000


    Dec. 31 Income Summary 450,000
    Retained Earnings 450,000

    ReplyDelete
  7. Anonymous7 March 2015 at 21:20

    ARTECHE, RACHELLE NINA V.
    BSA - IB


    Jan. 5 Land 650,000
    Ordinary Shares 650,000

    Feb. 10 Treasury Stock 540,000
    Cash 540,000

    15 Cash 10,000
    Donated Capital 10,000

    May 7 Cash 1,600,000
    Preference Shares 1,500,000
    Share Premium - Preference 100,000

    June 29 Subscriptions Receivable 1,200,000
    Subscribed Ordinary Shares 1,000,000
    Share Premium - Ordinary 200,000

    Sept. 11 Cash 1,200,000
    Subscribed Ordinary Shares 1,000,000
    Subscriptions Receivable 1,200,000
    Ordinary Shares 1,000,000

    Oct. 20 Cash 480,000
    Treasury Stock 270,000
    Share Premium - Treasury Stock 210,000

    Nov. 22 Ordinary Shares 200,000
    Treasury Stock 180,000
    Share Premium - Treasury Stock 20,000


    Dec. 31 Income Summary 450,000
    Retained Earnings 450,000

    ReplyDelete
  8. Anonymous7 March 2015 at 21:21

    BANDILLA, PEACHY M. BSA - IA


    Jan. 5 Land 650,000
    Ordinary Shares 650,000

    Feb. 10 Treasury Stock 540,000
    Cash 540,000

    15 Cash 10,000
    Donated Capital 10,000

    May 7 Cash 1,600,000
    Preference Shares 1,500,000
    Share Premium - Preference 100,000

    June 29 Subscriptions Receivable 1,200,000
    Subscribed Ordinary Shares 1,000,000
    Share Premium - Ordinary 200,000

    Sept. 11 Cash 1,200,000
    Subscribed Ordinary Shares 1,000,000
    Subscriptions Receivable 1,200,000
    Ordinary Shares 1,000,000

    Oct. 20 Cash 480,000
    Treasury Stock 270,000
    Share Premium - Treasury Stock 210,000

    Nov. 22 Ordinary Shares 200,000
    Treasury Stock 180,000
    Share Premium - Treasury Stock 20,000


    Dec. 31 Income Summary 450,000
    Retained Earnings 450,000

    ReplyDelete
  9. Anonymous7 March 2015 at 21:22

    SALVATIERRA, AIGIE GRACE
    BSA - IB


    Jan. 5 Land 650,000
    Ordinary Shares 650,000

    Feb. 10 Treasury Stock 540,000
    Cash 540,000

    15 Cash 10,000
    Donated Capital 10,000

    May 7 Cash 1,600,000
    Preference Shares 1,500,000
    Share Premium - Preference 100,000

    June 29 Subscriptions Receivable 1,200,000
    Subscribed Ordinary Shares 1,000,000
    Share Premium - Ordinary 200,000

    Sept. 11 Cash 1,200,000
    Subscribed Ordinary Shares 1,000,000
    Subscriptions Receivable 1,200,000
    Ordinary Shares 1,000,000

    Oct. 20 Cash 480,000
    Treasury Stock 270,000
    Share Premium - Treasury Stock 210,000

    Nov. 22 Ordinary Shares 200,000
    Treasury Stock 180,000
    Share Premium - Treasury Stock 20,000


    Dec. 31 Income Summary 450,000
    Retained Earnings 450,000

    ReplyDelete
  10. Unknown7 March 2015 at 22:01

    Jan. 5 Land 650,000
    Ordinary Shares 650,000
    To record the issuance of shares in exchange of land.

    Feb.10 Treasury Stock 540,000
    Cash 540,000
    To record the purchase of treasury stock.

    15 Cash 10,000
    Donated Capital 10,000
    To record receipt of the cash.

    May 7 Cash 1,600,000
    Preference Share 1,500,000
    Share Premium – Preference 100,000
    To record the issuance of shares,

    June 29 Subscriptions Receivable 1,200,000
    Subscribed Ordinary Shares 1,000,000
    Share Premium – Ordinary 200,000
    To record the subscription.

    Sept. 11 Cash 1,200,000
    Subscribed Ordinary Shares 1,000,000
    Subscriptions Receivable 1,200,000
    Ordinary Shares 1,000,000
    To record installment and issuance of certificate of stock.

    Oct. 20 Cash 480,000
    Treasury Stock 270,000
    Share Premium – Treasury 210,000
    To record the issuance of treasury.

    Nov. 22 Ordinary Shares 200,000
    Treasury Stock 180,000
    Share Premium – Treasury 20,000
    To record the retirement of treasury stock.

    Dec.31 Income Summary 450,000
    Retained Earnings 450,000
    To record the net income.

    ReplyDelete
  11. Unknown7 March 2015 at 22:04

    Jan. 5 Land 650,000
    Ordinary Shares 650,000
    To record the issuance of shares in exchange of land.

    Feb.10 Treasury Stock 540,000
    Cash 540,000
    To record the purchase of treasury stock.

    15 Cash 10,000
    Donated Capital 10,000
    To record receipt of the cash.

    May 7 Cash 1,600,000
    Preference Share 1,500,000
    Share Premium – Preference 100,000
    To record the issuance of shares,

    June 29 Subscriptions Receivable 1,200,000
    Subscribed Ordinary Shares 1,000,000
    Share Premium – Ordinary 200,000
    To record the subscription.

    Sept. 11 Cash 1,200,000
    Subscribed Ordinary Shares 1,000,000
    Subscriptions Receivable 1,200,000
    Ordinary Shares 1,000,000
    To record installment and issuance of certificate of stock.

    Oct. 20 Cash 480,000
    Treasury Stock 270,000
    Share Premium – Treasury 210,000
    To record the issuance of treasury.

    Nov. 22 Ordinary Shares 200,000
    Treasury Stock 180,000
    Share Premium – Treasury 20,000
    To record the retirement of treasury stock.

    Dec.31 Income Summary 450,000
    Retained Earnings 450,000
    To record the net income.

    ReplyDelete
  12. Unknown7 March 2015 at 22:05

    Jan. 5 Land 650,000
    Ordinary Shares 650,000
    To record the issuance of shares in exchange of land.

    Feb.10 Treasury Stock 540,000
    Cash 540,000
    To record the purchase of treasury stock.

    15 Cash 10,000
    Donated Capital 10,000
    To record receipt of the cash.

    May 7 Cash 1,600,000
    Preference Share 1,500,000
    Share Premium – Preference 100,000
    To record the issuance of shares,

    June 29 Subscriptions Receivable 1,200,000
    Subscribed Ordinary Shares 1,000,000
    Share Premium – Ordinary 200,000
    To record the subscription.

    Sept. 11 Cash 1,200,000
    Subscribed Ordinary Shares 1,000,000
    Subscriptions Receivable 1,200,000
    Ordinary Shares 1,000,000
    To record installment and issuance of certificate of stock.

    Oct. 20 Cash 480,000
    Treasury Stock 270,000
    Share Premium – Treasury 210,000
    To record the issuance of treasury.

    Nov. 22 Ordinary Shares 200,000
    Treasury Stock 180,000
    Share Premium – Treasury 20,000
    To record the retirement of treasury stock.

    Dec.31 Income Summary 450,000
    Retained Earnings 450,000
    To record the net income.

    ReplyDelete
  13. Unknown7 March 2015 at 22:06

    Jan. 5 Land 650,000
    Ordinary Shares 650,000
    To record the issuance of shares in exchange of land.

    Feb.10 Treasury Stock 540,000
    Cash 540,000
    To record the purchase of treasury stock.

    15 Cash 10,000
    Donated Capital 10,000
    To record receipt of the cash.

    May 7 Cash 1,600,000
    Preference Share 1,500,000
    Share Premium – Preference 100,000
    To record the issuance of shares,

    June 29 Subscriptions Receivable 1,200,000
    Subscribed Ordinary Shares 1,000,000
    Share Premium – Ordinary 200,000
    To record the subscription.

    Sept. 11 Cash 1,200,000
    Subscribed Ordinary Shares 1,000,000
    Subscriptions Receivable 1,200,000
    Ordinary Shares 1,000,000
    To record installment and issuance of certificate of stock.

    Oct. 20 Cash 480,000
    Treasury Stock 270,000
    Share Premium – Treasury 210,000
    To record the issuance of treasury.

    Nov. 22 Ordinary Shares 200,000
    Treasury Stock 180,000
    Share Premium – Treasury 20,000
    To record the retirement of treasury stock.

    Dec.31 Income Summary 450,000
    Retained Earnings 450,000
    To record the net income.

    ReplyDelete
  14. Anonymous7 March 2015 at 22:09

    Abigael D. Dacdac BSA-1B

    Jan. 5 Land 650,000
    Ordinary Shares 650,000
    To record the issuance of shares in exchange of land.

    Feb.10 Treasury Stock 540,000
    Cash 540,000
    To record the purchase of treasury stock.

    15 Cash 10,000
    Donated Capital 10,000
    To record receipt of the cash.

    May 7 Cash 1,600,000
    Preference Share 1,500,000
    Share Premium – Preference 100,000
    To record the issuance of shares,

    June 29 Subscriptions Receivable 1,200,000
    Subscribed Ordinary Shares 1,000,000
    Share Premium – Ordinary 200,000
    To record the subscription.

    Sept. 11 Cash 1,200,000
    Subscribed Ordinary Shares 1,000,000
    Subscriptions Receivable 1,200,000
    Ordinary Shares 1,000,000
    To record installment and issuance of certificate of stock.

    Oct. 20 Cash 480,000
    Treasury Stock 270,000
    Share Premium – Treasury 210,000
    To record the issuance of treasury.

    Nov. 22 Ordinary Shares 200,000
    Treasury Stock 180,000
    Share Premium – Treasury 20,000
    To record the retirement of treasury stock.

    Dec.31 Income Summary 450,000
    Retained Earnings 450,000
    To record the net income.

    ReplyDelete
  15. Anonymous7 March 2015 at 22:11

    Jefferson Gapate BSA-1B

    Jan. 5 Land 650,000
    Ordinary Shares 650,000
    To record the issuance of shares in exchange of land.

    Feb.10 Treasury Stock 540,000
    Cash 540,000
    To record the purchase of treasury stock.

    15 Cash 10,000
    Donated Capital 10,000
    To record receipt of the cash.

    May 7 Cash 1,600,000
    Preference Share 1,500,000
    Share Premium – Preference 100,000
    To record the issuance of shares,

    June 29 Subscriptions Receivable 1,200,000
    Subscribed Ordinary Shares 1,000,000
    Share Premium – Ordinary 200,000
    To record the subscription.

    Sept. 11 Cash 1,200,000
    Subscribed Ordinary Shares 1,000,000
    Subscriptions Receivable 1,200,000
    Ordinary Shares 1,000,000
    To record installment and issuance of certificate of stock.

    Oct. 20 Cash 480,000
    Treasury Stock 270,000
    Share Premium – Treasury 210,000
    To record the issuance of treasury.

    Nov. 22 Ordinary Shares 200,000
    Treasury Stock 180,000
    Share Premium – Treasury 20,000
    To record the retirement of treasury stock.

    Dec.31 Income Summary 450,000
    Retained Earnings 450,000
    To record the net income.

    ReplyDelete
  16. Anonymous7 March 2015 at 22:13

    Reynanel Argales BSA-1A

    Jan. 5 Land 650,000
    Ordinary Shares 650,000
    To record the issuance of shares in exchange of land.

    Feb.10 Treasury Stock 540,000
    Cash 540,000
    To record the purchase of treasury stock.

    15 Cash 10,000
    Donated Capital 10,000
    To record receipt of the cash.

    May 7 Cash 1,600,000
    Preference Share 1,500,000
    Share Premium – Preference 100,000
    To record the issuance of shares,

    June 29 Subscriptions Receivable 1,200,000
    Subscribed Ordinary Shares 1,000,000
    Share Premium – Ordinary 200,000
    To record the subscription.

    Sept. 11 Cash 1,200,000
    Subscribed Ordinary Shares 1,000,000
    Subscriptions Receivable 1,200,000
    Ordinary Shares 1,000,000
    To record installment and issuance of certificate of stock.

    Oct. 20 Cash 480,000
    Treasury Stock 270,000
    Share Premium – Treasury 210,000
    To record the issuance of treasury.

    Nov. 22 Ordinary Shares 200,000
    Treasury Stock 180,000
    Share Premium – Treasury 20,000
    To record the retirement of treasury stock.

    Dec.31 Income Summary 450,000
    Retained Earnings 450,000
    To record the net income.

    ReplyDelete
  17. Anonymous7 March 2015 at 22:14

    Janica de Veyra BSA-1B

    Jan. 5 Land 650,000
    Ordinary Shares 650,000
    To record the issuance of shares in exchange of land.

    Feb.10 Treasury Stock 540,000
    Cash 540,000
    To record the purchase of treasury stock.

    15 Cash 10,000
    Donated Capital 10,000
    To record receipt of the cash.

    May 7 Cash 1,600,000
    Preference Share 1,500,000
    Share Premium – Preference 100,000
    To record the issuance of shares,

    June 29 Subscriptions Receivable 1,200,000
    Subscribed Ordinary Shares 1,000,000
    Share Premium – Ordinary 200,000
    To record the subscription.

    Sept. 11 Cash 1,200,000
    Subscribed Ordinary Shares 1,000,000
    Subscriptions Receivable 1,200,000
    Ordinary Shares 1,000,000
    To record installment and issuance of certificate of stock.

    Oct. 20 Cash 480,000
    Treasury Stock 270,000
    Share Premium – Treasury 210,000
    To record the issuance of treasury.

    Nov. 22 Ordinary Shares 200,000
    Treasury Stock 180,000
    Share Premium – Treasury 20,000
    To record the retirement of treasury stock.

    Dec.31 Income Summary 450,000
    Retained Earnings 450,000
    To record the net income.

    ReplyDelete
  18. Anonymous7 March 2015 at 22:16

    Jill Fritz Dale Dela Cruz BSA-1B

    Jan. 5 Land 650,000
    Ordinary Shares 650,000
    To record the issuance of shares in exchange of land.

    Feb.10 Treasury Stock 540,000
    Cash 540,000
    To record the purchase of treasury stock.

    15 Cash 10,000
    Donated Capital 10,000
    To record receipt of the cash.

    May 7 Cash 1,600,000
    Preference Share 1,500,000
    Share Premium – Preference 100,000
    To record the issuance of shares,

    June 29 Subscriptions Receivable 1,200,000
    Subscribed Ordinary Shares 1,000,000
    Share Premium – Ordinary 200,000
    To record the subscription.

    Sept. 11 Cash 1,200,000
    Subscribed Ordinary Shares 1,000,000
    Subscriptions Receivable 1,200,000
    Ordinary Shares 1,000,000
    To record installment and issuance of certificate of stock.

    Oct. 20 Cash 480,000
    Treasury Stock 270,000
    Share Premium – Treasury 210,000
    To record the issuance of treasury.

    Nov. 22 Ordinary Shares 200,000
    Treasury Stock 180,000
    Share Premium – Treasury 20,000
    To record the retirement of treasury stock.

    Dec.31 Income Summary 450,000
    Retained Earnings 450,000
    To record the net income.

    ReplyDelete
  19. Anonymous7 March 2015 at 22:17

    Daniel Durante BSA-1B

    Jan. 5 Land 650,000
    Ordinary Shares 650,000
    To record the issuance of shares in exchange of land.

    Feb.10 Treasury Stock 540,000
    Cash 540,000
    To record the purchase of treasury stock.

    15 Cash 10,000
    Donated Capital 10,000
    To record receipt of the cash.

    May 7 Cash 1,600,000
    Preference Share 1,500,000
    Share Premium – Preference 100,000
    To record the issuance of shares,

    June 29 Subscriptions Receivable 1,200,000
    Subscribed Ordinary Shares 1,000,000
    Share Premium – Ordinary 200,000
    To record the subscription.

    Sept. 11 Cash 1,200,000
    Subscribed Ordinary Shares 1,000,000
    Subscriptions Receivable 1,200,000
    Ordinary Shares 1,000,000
    To record installment and issuance of certificate of stock.

    Oct. 20 Cash 480,000
    Treasury Stock 270,000
    Share Premium – Treasury 210,000
    To record the issuance of treasury.

    Nov. 22 Ordinary Shares 200,000
    Treasury Stock 180,000
    Share Premium – Treasury 20,000
    To record the retirement of treasury stock.

    Dec.31 Income Summary 450,000
    Retained Earnings 450,000
    To record the net income.

    ReplyDelete
  20. Anonymous7 March 2015 at 22:17

    Romell Belano BSA-1B

    Jan. 5 Land 650,000
    Ordinary Shares 650,000
    To record the issuance of shares in exchange of land.

    Feb.10 Treasury Stock 540,000
    Cash 540,000
    To record the purchase of treasury stock.

    15 Cash 10,000
    Donated Capital 10,000
    To record receipt of the cash.

    May 7 Cash 1,600,000
    Preference Share 1,500,000
    Share Premium – Preference 100,000
    To record the issuance of shares,

    June 29 Subscriptions Receivable 1,200,000
    Subscribed Ordinary Shares 1,000,000
    Share Premium – Ordinary 200,000
    To record the subscription.

    Sept. 11 Cash 1,200,000
    Subscribed Ordinary Shares 1,000,000
    Subscriptions Receivable 1,200,000
    Ordinary Shares 1,000,000
    To record installment and issuance of certificate of stock.

    Oct. 20 Cash 480,000
    Treasury Stock 270,000
    Share Premium – Treasury 210,000
    To record the issuance of treasury.

    Nov. 22 Ordinary Shares 200,000
    Treasury Stock 180,000
    Share Premium – Treasury 20,000
    To record the retirement of treasury stock.

    Dec.31 Income Summary 450,000
    Retained Earnings 450,000
    To record the net income.

    ReplyDelete
  21. Anonymous7 March 2015 at 22:19

    Allyzon Padaon Bsa-1B

    Jan. 5 Land 650,000
    Ordinary Shares 650,000
    To record the issuance of shares in exchange of land.

    Feb.10 Treasury Stock 540,000
    Cash 540,000
    To record the purchase of treasury stock.

    15 Cash 10,000
    Donated Capital 10,000
    To record receipt of the cash.

    May 7 Cash 1,600,000
    Preference Share 1,500,000
    Share Premium – Preference 100,000
    To record the issuance of shares,

    June 29 Subscriptions Receivable 1,200,000
    Subscribed Ordinary Shares 1,000,000
    Share Premium – Ordinary 200,000
    To record the subscription.

    Sept. 11 Cash 1,200,000
    Subscribed Ordinary Shares 1,000,000
    Subscriptions Receivable 1,200,000
    Ordinary Shares 1,000,000
    To record installment and issuance of certificate of stock.

    Oct. 20 Cash 480,000
    Treasury Stock 270,000
    Share Premium – Treasury 210,000
    To record the issuance of treasury.

    Nov. 22 Ordinary Shares 200,000
    Treasury Stock 180,000
    Share Premium – Treasury 20,000
    To record the retirement of treasury stock.

    Dec.31 Income Summary 450,000
    Retained Earnings 450,000
    To record the net income.

    ReplyDelete
  22. Anonymous7 March 2015 at 22:20

    Jaymar Caunte BSA-1A

    Jan. 5 Land 650,000
    Ordinary Shares 650,000
    To record the issuance of shares in exchange of land.

    Feb.10 Treasury Stock 540,000
    Cash 540,000
    To record the purchase of treasury stock.

    15 Cash 10,000
    Donated Capital 10,000
    To record receipt of the cash.

    May 7 Cash 1,600,000
    Preference Share 1,500,000
    Share Premium – Preference 100,000
    To record the issuance of shares,

    June 29 Subscriptions Receivable 1,200,000
    Subscribed Ordinary Shares 1,000,000
    Share Premium – Ordinary 200,000
    To record the subscription.

    Sept. 11 Cash 1,200,000
    Subscribed Ordinary Shares 1,000,000
    Subscriptions Receivable 1,200,000
    Ordinary Shares 1,000,000
    To record installment and issuance of certificate of stock.

    Oct. 20 Cash 480,000
    Treasury Stock 270,000
    Share Premium – Treasury 210,000
    To record the issuance of treasury.

    Nov. 22 Ordinary Shares 200,000
    Treasury Stock 180,000
    Share Premium – Treasury 20,000
    To record the retirement of treasury stock.

    Dec.31 Income Summary 450,000
    Retained Earnings 450,000
    To record the net income.

    ReplyDelete
  23. Anonymous7 March 2015 at 22:20

    Joshua Locop BSA-1A

    Jan. 5 Land 650,000
    Ordinary Shares 650,000
    To record the issuance of shares in exchange of land.

    Feb.10 Treasury Stock 540,000
    Cash 540,000
    To record the purchase of treasury stock.

    15 Cash 10,000
    Donated Capital 10,000
    To record receipt of the cash.

    May 7 Cash 1,600,000
    Preference Share 1,500,000
    Share Premium – Preference 100,000
    To record the issuance of shares,

    June 29 Subscriptions Receivable 1,200,000
    Subscribed Ordinary Shares 1,000,000
    Share Premium – Ordinary 200,000
    To record the subscription.

    Sept. 11 Cash 1,200,000
    Subscribed Ordinary Shares 1,000,000
    Subscriptions Receivable 1,200,000
    Ordinary Shares 1,000,000
    To record installment and issuance of certificate of stock.

    Oct. 20 Cash 480,000
    Treasury Stock 270,000
    Share Premium – Treasury 210,000
    To record the issuance of treasury.

    Nov. 22 Ordinary Shares 200,000
    Treasury Stock 180,000
    Share Premium – Treasury 20,000
    To record the retirement of treasury stock.

    Dec.31 Income Summary 450,000
    Retained Earnings 450,000
    To record the net income.

    ReplyDelete
  24. Anonymous7 March 2015 at 22:21

    Mark Jay Turla BSA-1A

    Jan. 5 Land 650,000
    Ordinary Shares 650,000
    To record the issuance of shares in exchange of land.

    Feb.10 Treasury Stock 540,000
    Cash 540,000
    To record the purchase of treasury stock.

    15 Cash 10,000
    Donated Capital 10,000
    To record receipt of the cash.

    May 7 Cash 1,600,000
    Preference Share 1,500,000
    Share Premium – Preference 100,000
    To record the issuance of shares,

    June 29 Subscriptions Receivable 1,200,000
    Subscribed Ordinary Shares 1,000,000
    Share Premium – Ordinary 200,000
    To record the subscription.

    Sept. 11 Cash 1,200,000
    Subscribed Ordinary Shares 1,000,000
    Subscriptions Receivable 1,200,000
    Ordinary Shares 1,000,000
    To record installment and issuance of certificate of stock.

    Oct. 20 Cash 480,000
    Treasury Stock 270,000
    Share Premium – Treasury 210,000
    To record the issuance of treasury.

    Nov. 22 Ordinary Shares 200,000
    Treasury Stock 180,000
    Share Premium – Treasury 20,000
    To record the retirement of treasury stock.

    Dec.31 Income Summary 450,000
    Retained Earnings 450,000
    To record the net income.

    ReplyDelete
  25. Anonymous7 March 2015 at 22:22

    Mark Millan Endong BSA-1A

    Jan. 5 Land 650,000
    Ordinary Shares 650,000
    To record the issuance of shares in exchange of land.

    Feb.10 Treasury Stock 540,000
    Cash 540,000
    To record the purchase of treasury stock.

    15 Cash 10,000
    Donated Capital 10,000
    To record receipt of the cash.

    May 7 Cash 1,600,000
    Preference Share 1,500,000
    Share Premium – Preference 100,000
    To record the issuance of shares,

    June 29 Subscriptions Receivable 1,200,000
    Subscribed Ordinary Shares 1,000,000
    Share Premium – Ordinary 200,000
    To record the subscription.

    Sept. 11 Cash 1,200,000
    Subscribed Ordinary Shares 1,000,000
    Subscriptions Receivable 1,200,000
    Ordinary Shares 1,000,000
    To record installment and issuance of certificate of stock.

    Oct. 20 Cash 480,000
    Treasury Stock 270,000
    Share Premium – Treasury 210,000
    To record the issuance of treasury.

    Nov. 22 Ordinary Shares 200,000
    Treasury Stock 180,000
    Share Premium – Treasury 20,000
    To record the retirement of treasury stock.

    Dec.31 Income Summary 450,000
    Retained Earnings 450,000
    To record the net income.

    ReplyDelete
  26. Anonymous8 March 2015 at 00:54

    Jan 5 Land 650 000
    Ordinary Shares 650 000

    Feb 10 Treasury Shares 540 000
    Cash 540 000

    15 Cash 10 000
    Donated Capital 10 000

    May 7 Cash 1 600 00
    Preference Shares 1 500 000
    Share Premium- Preference 100 000

    June 29 Subscription Receivable 1 200 000
    Subscription Ordinary Shares 1 000 000
    Share Premium- Ordinary 200 000

    Spet 11 Cash 1 200 000
    Subscription Ordinary Shares 1 000 000
    Subscription Receivable 1 200 000
    Ordinary Shares 1 000 000

    Oct 20 Cash 480 000
    Treasury Shares 270 000
    Share Premium- Treasury 210 000

    Nov 22 Ordinary Shares 200 000
    Treasury Shares 180 000
    Share Premium- Treasury 20 000

    Dec 31 Income Summary 450 000
    Retained Earnings 450 000


    Camarines, Sheryl T.
    BSA 1A

    ReplyDelete
  27. Eclipse, Van Daryl B. BSA-1A8 March 2015 at 00:55

    2015
    Jan. 5 Land 650,000
    Ordinary Shares 650,000
    Issued ordinary shares.

    Feb. 10 Treasury Stock 540,000
    Cash 540,000
    Purchased treasury shares.

    15 Cash 10,000
    Donated Capital 10,000
    Received donations.

    May 7 Cash 1,600,000
    Preference Shares 1,500,000
    Share Premium-Preference 100,000
    Issued preference shares.

    June 29 Subscriptions Receivable 1,200,000
    Subscribed Ordinary Shares 1,000,000
    Share Premium-Ordinary 200,000
    Received subscriptions.

    Sept.11Cash 1,200,000
    Subscribed Ordinary Shares 1,000,000
    Subscriptions Receivable 1,200,000
    Ordinary Shares 1,000,000
    Received final payment.

    Oct. 20 Cash 480,000
    Treasury Stock 270,000
    Share Premium-Treasury 210,000
    Reissued shares.

    Nov.22 Ordinary Share 200,000
    Treasury Stock 180,000
    Share Premium-Treasury 20,000
    Retirement of treasury shares.

    Dec. 31 Income Summary 450,000
    Retained Earnings 450,000
    To record net income.

    ReplyDelete
  28. Luzviminda Urot8 March 2015 at 01:03

    2015
    Jan. 5 Land 650,000
    Ordinary Shares 650,000
    To record issuance of ordinary shares.

    Feb. 10 Treasury Shares 540,000
    Cash 540,000
    To record acquisition of treasury shares.

    15 Cash 10,000
    Donated Capital 10,000
    To record receipt of donated cash.

    May 7 Cash 1,600,000
    Preference Shares 1,500,000
    Share Premium-Preference 100,000
    To record issuance of preference shares.

    June 29 Subscriptions Receivable 1,200,000
    Subscribed Ordinary Shares 1,000,000
    Share Premium-Ordinary 200,000
    To record subscriptions of ordinary shares.

    Sep. 11 Cash 1,200,000
    Subscribed Ordinary Shares 1,000,000
    Subscriptions Receivable 1,200,000
    Ordinary Shares 1,000,000
    To record final installment of subscriptions
    receivable and issuance of certificate.

    Oct. 20 Cash 480,000
    Treasury Shares 270,000
    Share Premium-Treasury 210,000
    To record sale of treasury shares.

    Nov. 22 Ordinary Shares 200,000
    Treasury Shares 180,000
    Share Premium-Treasury 20,000
    To record retirement of treasury shares.

    Dec. 31 Income Summary 450,000
    Retained Earnings 450,000
    To close the net income.

    ReplyDelete
  29. Unknown8 March 2015 at 01:05

    2015
    Jan. 5 land 650000
    Ordinary shares 650000
    issuance of ordinary shares in exchange for a piece of land

    Feb. 10 treasury stock 540000
    Cash 540000
    purchase share for treasury stock

    15 cash 10000
    Donated capital 10000
    received donations.

    May 7 cash 1600000
    Preference share 1500000
    Share premium-preference 100000
    issuance of preference shares.

    June 29 subscriptions receivable 1200000
    Subscribed ordinary shares 1000000
    Share premium-ordinary 200000
    receipt of subscription.

    Sept. 11 cash 1200000
    Subscribed ordinary shares 1000000
    Ordinary shares 1000000
    Subscriptions receivable 1200000
    received payment from subscribers

    Oct. 20 cash 480000
    Treasury shares 270000
    Share premium-treasury 210000
    reissuance of treasury shares 

    Nov. 22 ordinary shares 200000
    Treasury shares 180000
    Share premium-treasury 20000
    retirement

    Dec.31 income summary 450000
    Retained earnings 450000
    closed profit

    ReplyDelete
  30. Crystal Tumamak8 March 2015 at 01:05

    2015
    Jan. 5 Land 650 000
    Ordinary Shares 650 000
    To record issuance of ordinary shares.

    Feb. 10 Treasury Shares 540 000
    Cash 540 000
    To record acquisition of treasury shares.

    15 Cash 10 000
    Donated Capital 10 000
    To record receipt of donated cash.

    May 7 Cash 1 600 000
    Preference Shares 1 500 000
    Share Premium-Preference 100 000
    To record issuance of preference shares.

    June 29 Subscriptions Receivable 1 200 000
    Subscribed Ordinary Shares 1 000 000
    Share Premium-Ordinary 200 000
    To record subscriptions of ordinary shares.

    Sep. 11 Cash 1 200 000
    Subscribed Ordinary Shares 1 000 000
    Subscriptions Receivable 1 200 000
    Ordinary Shares 1 000 000
    To record final installment of subscriptions
    receivable and issuance of certificate.

    Oct. 20 Cash 480 000
    Treasury Shares 270 000
    Share Premium-Treasury 210 000
    To record sale of treasury shares.

    Nov. 22 Ordinary Shares 200 000
    Treasury Shares 180 000
    Share Premium-Treasury 20 000
    To record retirement of treasury shares.

    Dec. 31 Income Summary 450 000
    Retained Earnings 450 000
    To close the net income.

    ReplyDelete
  31. Unknown8 March 2015 at 01:07

    Journal Entries :
    Jan 5 Land 650,000
    Ordinary Shares 650,000
    To record the issuance of ordinary shares.

    Feb 10 Treasury Shares 540,000
    Cash 540,000
    To record the issuance of treasury shares.


    15 Cash 10,000
    Donated Capital 10,000
    To record the receipt of donated cash.


    May 7 Cash 1,600,000
    Preference Shares 1,500,000
    Share Premium - Preference 100,000
    To record the the issuance of preference.

    June 29 Subscription Receivable 1,200,000
    Subscribed Ordinary Shares 1,000,000
    Share Premium - Ordinary 200,000
    To record the the subscriptions of ordinary shares.

    Sept. 11 Cash 1,200,000
    Subscribed Ordinary Shares 1,000,000
    Subscription Receivable 1,2000,000
    Ordinary Shares 1,000,000
    To record the final installment of subscription receivable
    and issuance of certificate.

    Oct. 20 Cash 480,000
    Treasury Shares 270,000
    Share Premium - Treasury 210,000
    To record the sale of treasury shares.

    Nov. 22 Ordinary Shares 200,000
    Treasury Shares 180,000
    Share Premium - Treasury 20,000
    To record the retirement treasury shares.

    Dec. 31 Income Summary 450,000
    Retained Earnings 450,000
    To record the profit .

    ReplyDelete
  32. FLORENDO, ALDWIN Q.8 March 2015 at 01:07

    2015
    Jan. 5 Land 650,000
    Ordinary Shares 650,000
    To record issuance of ordinary shares.

    Feb. 10 Treasury Shares 540,000
    Cash 540,000
    To record acquisition of treasury shares.

    15 Cash 10,000
    Donated Capital 10,000
    To record receipt of donated cash.

    May 7 Cash 1,600,000
    Preference Shares 1,500,000
    Share Premium-Preference 100,000
    To record issuance of preference shares.

    June 29 Subscriptions Receivable 1,200,000
    Subscribed Ordinary Shares 1,000,000
    Share Premium-Ordinary 200,000
    To record subscriptions of ordinary shares.

    Sep. 11 Cash 1,200,000
    Subscribed Ordinary Shares 1,000,000
    Subscriptions Receivable 1,200,000
    Ordinary Shares 1,000,000
    To record final installment of subscriptions
    receivable and issuance of certificate.

    Oct. 20 Cash 480,000
    Treasury Shares 270,000
    Share Premium-Treasury 210,000
    To record sale of treasury shares.

    Nov. 22 Ordinary Shares 200,000
    Treasury Shares 180,000
    Share Premium-Treasury 20,000
    To record retirement of treasury shares.

    Dec. 31 Income Summary 450,000
    Retained Earnings 450,000
    To close the net income.

    ReplyDelete
  33. Unknown8 March 2015 at 01:08

    Jan 5 Land 650,000
    Ordinary Shares 650,000
    to record issuance of shares

    Feb 10 Treasury Stock 540,000
    Cash 540,000
    purchase of stock

    15 Cash 10,000
    Donated Capital 10,000
    to record donation

    May 7 Cash 1,600,000
    Preference Shares 1,500,000
    Share Premium-Preference 100,000
    to record issuance of shares

    June 29 Subscription Receivables 1,200,000
    Subscribed Ordinary Shares 1,000,000
    Share Premium-ordinary 200,000
    to record subscription

    Sept 11 Cash 1,200,000
    Subscribed Ordinary Shares 1,000,000
    Subscription Receivables 1,200,000
    Ordinary Shares 1,000,000
    issuance of certificate of stock

    Oct 20 Cash 480,000
    Share premium-treasury 210,000
    Treasury Shares 270,000
    sold treasury shares

    Nov 22 Ordinary Shares 200,000
    Share premium-Treasury 20,000
    Treasury Stock 180,000
    retired treasury shares

    Dec 31 Income Summary 450,000
    Retained Earnings 450,000
    to close net income

    ReplyDelete
  34. Unknown8 March 2015 at 01:11

    2015
    Jan. 5 land 650000
    Ordinary shares 650000
    issuance.

    Feb. 10 treasury stock 540,000
    Cash 540,000
    purchased treasury stock

    15 cash 10,000
    Donated capital 10,000
    donation.

    May 7 cash 1,600,000
    Preference share 1,500,000
    Share premium-preference 100,000
    issuance.

    June 29 subscriptions receivable 1,200,000
    Subscribed ordinary shares 1,000,000
    Share premium-ordinary 200,000
    subscription.

    Sept. 11 cash 1,200,000
    Subscribed ordinary shares 1,000,000
    Ordinary shares 1,000,000
    Subscriptions receivable 1,200,000
    installment.

    Oct. 20 cash 480,000
    Treasury shares 270,000
    Share premium-treasury 210,000
    reissuance.
     
    Nov. 22 ordinary shares 200,000
    Treasury shares 180,000
    Share premium-treasury 20,000
    retirement.

    Dec.31 income summary 450,000
    Retained earnings 450,000
      closing

    ReplyDelete
  35. Unknown8 March 2015 at 01:15

    RENZ P. MORTA BSA-1A

    Date.....................Particulars........................Debit.......Credit
    2015
    Jan..5...Land..............................................650,000
    .................Ordinary.Shares.......................................650,000
    .........................To record the issuance
    .........................of Ordinaryshares.

    Feb.10..Treasury Shares.............................540,000
    .................Cash........................................................540,000
    .........................To record the purchase
    .........................of ordinary shares for
    .........................treasury.

    Feb.15...Cash..............................................10,000
    .................Donated.Capital..........................................10,000.
    .........................Received donations.

    May..7...Cash..........................................1,600,000
    ..................Preference.Shares.................................1,500,000
    ..................Share.Premium-Preference.......................100,000
    ..........................To record the issuance
    ..........................of Preference Shares.

    June.29..Subscription.Receivable..............1.200.000
    ..................Subscribed.Ordinary.Shares...................1.000.000
    ..................Share.Premium-Ordinary...........................200.000
    ..........................Received subscriptions.

    Sept.11..Cash..........................................1,200,000
    ..................Subscription.Receivable.........................1,200,000
    ..........................Received full amount
    ..........................subscribers.

    ......../....Subscribed.Ordinary.Shares.........1,000,000
    ..................Ordinary.Shares.....................................1,000,000
    ...........................To record the issuance
    ...........................of shares.

    Oct..20....Cash..........................................480,000
    ...................Treasury.Shares......................................270,000
    ...................Share.Premium-Treasury..........................210,000
    ............................Sold treasury shares.

    Nov.22...Ordinary.Shares...........................200,000
    ...................Treasury.Shares.....................................180,000
    ...................Share.Premium-Treasury..........................20,000
    ............................Retired treasury Shares.

    Dec.31...Income.Summary.........................450,000
    ...................Retained.Earnings..................................450,000
    ............................To record the net income.

    ReplyDelete
  36. Unknown8 March 2015 at 01:15

    RENZ P. MORTA BSA-1A

    Date.....................Particulars........................Debit.......Credit
    2015
    Jan..5...Land..............................................650,000
    .................Ordinary.Shares.......................................650,000
    .........................To record the issuance
    .........................of Ordinaryshares.

    Feb.10..Treasury Shares.............................540,000
    .................Cash........................................................540,000
    .........................To record the purchase
    .........................of ordinary shares for
    .........................treasury.

    Feb.15...Cash..............................................10,000
    .................Donated.Capital..........................................10,000.
    .........................Received donations.

    May..7...Cash..........................................1,600,000
    ..................Preference.Shares.................................1,500,000
    ..................Share.Premium-Preference.......................100,000
    ..........................To record the issuance
    ..........................of Preference Shares.

    June.29..Subscription.Receivable..............1.200.000
    ..................Subscribed.Ordinary.Shares...................1.000.000
    ..................Share.Premium-Ordinary...........................200.000
    ..........................Received subscriptions.

    Sept.11..Cash..........................................1,200,000
    ..................Subscription.Receivable.........................1,200,000
    ..........................Received full amount
    ..........................subscribers.

    ......../....Subscribed.Ordinary.Shares.........1,000,000
    ..................Ordinary.Shares.....................................1,000,000
    ...........................To record the issuance
    ...........................of shares.

    Oct..20....Cash..........................................480,000
    ...................Treasury.Shares......................................270,000
    ...................Share.Premium-Treasury..........................210,000
    ............................Sold treasury shares.

    Nov.22...Ordinary.Shares...........................200,000
    ...................Treasury.Shares.....................................180,000
    ...................Share.Premium-Treasury..........................20,000
    ............................Retired treasury Shares.

    Dec.31...Income.Summary.........................450,000
    ...................Retained.Earnings..................................450,000
    ............................To record the net income.

    ReplyDelete
  37. Rayñel Ed L. Dacuno8 March 2015 at 03:39

    Dacuno, Rayñel Ed L. BSA - 1A
    1.
    Jan. 5 Land 650,000
    Ordinary Shares 650,000
    To record exchange.

    Feb. 10 Treasury Shares 540,000
    Cash 540,000
    To record purchase of own ordinary shares.

    15 Cash 10,000
    Donated Capital 10,000
    To record donated cash.

    May 7 Cash 1,600,000
    Preference Shares 1,500,000
    Share Premium - Preference 100,000
    To record issuance of shares.

    June 29 Subscription Receivable 1,200,000
    Subscribed Ordinary Shares 1,000,000
    Share Premium - Ordinary 200,000
    To record subscription.

    Sept. 11 Cash 1,200,000
    Subscriptions Receivable 1,200,000
    To record installment.

    / Subscribed Ordinary Shares 1,000,000
    Ordinary Shares 1,000,000
    To record issuance of stock certificate.

    Oct. 20 Cash 480,000
    Treasury Shares 270,000
    Share Premium - Treasury 210,000
    To record re-issuance of treasury.

    Nov. 22 Ordinary Shares 200,000
    Treasury Shares 180,000
    Share Premium - Treasury 20,000
    To record retired shares.

    Dec. 31 Income Summary 450,000
    Retained Earnings 450,000
    To record retained earnings.

    ReplyDelete
  38. Rayñel Ed L. Dacuno8 March 2015 at 03:39

    Dacuno, Rayñel Ed L. BSA - 1A
    1.
    Jan. 5 Land 650,000
    Ordinary Shares 650,000
    To record exchange.

    Feb. 10 Treasury Shares 540,000
    Cash 540,000
    To record purchase of own ordinary shares.

    15 Cash 10,000
    Donated Capital 10,000
    To record donated cash.

    May 7 Cash 1,600,000
    Preference Shares 1,500,000
    Share Premium - Preference 100,000
    To record issuance of shares.

    June 29 Subscription Receivable 1,200,000
    Subscribed Ordinary Shares 1,000,000
    Share Premium - Ordinary 200,000
    To record subscription.

    Sept. 11 Cash 1,200,000
    Subscriptions Receivable 1,200,000
    To record installment.

    / Subscribed Ordinary Shares 1,000,000
    Ordinary Shares 1,000,000
    To record issuance of stock certificate.

    Oct. 20 Cash 480,000
    Treasury Shares 270,000
    Share Premium - Treasury 210,000
    To record re-issuance of treasury.

    Nov. 22 Ordinary Shares 200,000
    Treasury Shares 180,000
    Share Premium - Treasury 20,000
    To record retired shares.

    Dec. 31 Income Summary 450,000
    Retained Earnings 450,000
    To record retained earnings.

    ReplyDelete
  39. JACQUELINE TADO8 March 2015 at 04:14

    JACQUELINE P. TADO BSA-IA

    Jan. 5 Land 650,000
    Ordinary Shares 650,000
    To record issuance of share.

    Feb. 10 Treasury Stocks 540,000
    Cash 540,000
    To record acquisition of treasury shares.

    15 Cash 10,000
    Donated Capital 10,000
    To record donations received.

    May 7 Cash 1,600,000
    Preference Shares 1,500,000
    Share Premium-Preference 100,000
    To record issuance of shares.

    June 29 Subscription Receivable 1,200,000
    Subscribed Ordinary Shares 1,000,000
    Share Premium-Ordinary 200,000
    To record the issuance of subscription.

    Sept.11 Cash 1,200,000
    Subscribed Ordinary Shares 1,000,000
    Subscription Receivable 1,200,000
    Ordinary Shares 1,000,000
    To record cash received and the issuance of shares.

    Oct.20 Cash 480,000
    Treasury Stocks 270,000
    Share Premium-Treasury 210,000
    To record sale of treasury stocks.

    Nov. 22 Ordinary Shares 200,000
    Treasury Stock 180,000
    Share Premium-Treasury 20,000
    To record retirement of treasury share.

    Dec.31 Income Summary 450,000
    Retained Earnings 450,000
    To close the income summary.




    MEMO:

    Aug. 17 "Received donation from ordinary shareholders, 2,000 ordinary shares."

    ReplyDelete
  40. Unknown8 March 2015 at 04:14

    Date Account Title Debit Credit
    Jan 5 Land
    Ordinary Shares
    Issued ordinary shares in exchange for land at cost value. 650,000
    650,000
    Feb 10 Treasury Stock
    Cash
    To record acquisition of treasury shares. 540,000
    540,000
    Feb 15 Cash
    Donated Capital
    To record receipt of donated cash. 10,000
    10,000
    May 7 Cash
    Preference Shares
    Share Premium – Preference
    To record issuance of preference shares. 1,600,000
    1,500,000
    100,000
    June 29 Subscription Receivable
    Subscribed Ordinary Shares
    Share Premium – Ordinary
    To record subscription of ordinary shares. 1,200,000
    1,000,000
    200,000
    Aug 17 “Received 2,000 ordinary shares as donation”
    Sept 11 Cash
    Subscribed Ordinary Shares
    Subscription Receivable
    Ordinary Shares
    To record payment of subscribed ordinary shares and issuance of ordinary shares. 1,200,000
    1,000,000

    1,200,000
    1,000,000
    Oct 20 Cash
    Treasury Stock
    Share Premium – Treasury
    To record reissue of treasury shares above cost. 480,000
    270,000
    210,000
    Nov 22 Ordinary Shares
    Share Premium – Treasury
    Treasury Stock
    To record retirement of treasury shares. 200,000
    20,000
    180,000
    Dec 31 Cash
    Retained Earnings
    To record profit. 450,000
    450,000

    ReplyDelete
  41. Unknown8 March 2015 at 04:15

    Date Account Title Debit Credit
    Jan 5 Land
    Ordinary Shares
    Issued ordinary shares in exchange for land at cost value. 650,000
    650,000
    Feb 10 Treasury Stock
    Cash
    To record acquisition of treasury shares. 540,000
    540,000
    Feb 15 Cash
    Donated Capital
    To record receipt of donated cash. 10,000
    10,000
    May 7 Cash
    Preference Shares
    Share Premium – Preference
    To record issuance of preference shares. 1,600,000
    1,500,000
    100,000
    June 29 Subscription Receivable
    Subscribed Ordinary Shares
    Share Premium – Ordinary
    To record subscription of ordinary shares. 1,200,000
    1,000,000
    200,000
    Aug 17 “Received 2,000 ordinary shares as donation”
    Sept 11 Cash
    Subscribed Ordinary Shares
    Subscription Receivable
    Ordinary Shares
    To record payment of subscribed ordinary shares and issuance of ordinary shares. 1,200,000
    1,000,000

    1,200,000
    1,000,000
    Oct 20 Cash
    Treasury Stock
    Share Premium – Treasury
    To record reissue of treasury shares above cost. 480,000
    270,000
    210,000
    Nov 22 Ordinary Shares
    Share Premium – Treasury
    Treasury Stock
    To record retirement of treasury shares. 200,000
    20,000
    180,000
    Dec 31 Cash
    Retained Earnings
    To record profit. 450,000
    450,000

    ReplyDelete
  42. regine zabala8 March 2015 at 04:15

    regine zabala BSA-IA

    Jan. 5 Land 650,000
    Ordinary Shares 650,000
    To record issuance of share.

    Feb. 10 Treasury Stocks 540,000
    Cash 540,000
    To record acquisition of treasury shares.

    15 Cash 10,000
    Donated Capital 10,000
    To record donations received.

    May 7 Cash 1,600,000
    Preference Shares 1,500,000
    Share Premium-Preference 100,000
    To record issuance of shares.

    June 29 Subscription Receivable 1,200,000
    Subscribed Ordinary Shares 1,000,000
    Share Premium-Ordinary 200,000
    To record the issuance of subscription.

    Sept.11 Cash 1,200,000
    Subscribed Ordinary Shares 1,000,000
    Subscription Receivable 1,200,000
    Ordinary Shares 1,000,000
    To record cash received and the issuance of shares.

    Oct.20 Cash 480,000
    Treasury Stocks 270,000
    Share Premium-Treasury 210,000
    To record sale of treasury stocks.

    Nov. 22 Ordinary Shares 200,000
    Treasury Stock 180,000
    Share Premium-Treasury 20,000
    To record retirement of treasury share.

    Dec.31 Income Summary 450,000
    Retained Earnings 450,000
    To close the income summary.




    MEMO:

    Aug. 17 "Received donation from ordinary shareholders, 2,000 ordinary shares."

    ReplyDelete
  43. arlito solano8 March 2015 at 04:16

    arlito solano BSA-IA

    Jan. 5 Land 650,000
    Ordinary Shares 650,000
    To record issuance of share.

    Feb. 10 Treasury Stocks 540,000
    Cash 540,000
    To record acquisition of treasury shares.

    15 Cash 10,000
    Donated Capital 10,000
    To record donations received.

    May 7 Cash 1,600,000
    Preference Shares 1,500,000
    Share Premium-Preference 100,000
    To record issuance of shares.

    June 29 Subscription Receivable 1,200,000
    Subscribed Ordinary Shares 1,000,000
    Share Premium-Ordinary 200,000
    To record the issuance of subscription.

    Sept.11 Cash 1,200,000
    Subscribed Ordinary Shares 1,000,000
    Subscription Receivable 1,200,000
    Ordinary Shares 1,000,000
    To record cash received and the issuance of shares.

    Oct.20 Cash 480,000
    Treasury Stocks 270,000
    Share Premium-Treasury 210,000
    To record sale of treasury stocks.

    Nov. 22 Ordinary Shares 200,000
    Treasury Stock 180,000
    Share Premium-Treasury 20,000
    To record retirement of treasury share.

    Dec.31 Income Summary 450,000
    Retained Earnings 450,000
    To close the income summary.




    MEMO:

    Aug. 17 "Received donation from ordinary shareholders, 2,000 ordinary shares."

    ReplyDelete
  44. carlo maglinte8 March 2015 at 04:17

    carlo maglinte BSA-IA

    Jan. 5 Land 650,000
    Ordinary Shares 650,000
    To record issuance of share.

    Feb. 10 Treasury Stocks 540,000
    Cash 540,000
    To record acquisition of treasury shares.

    15 Cash 10,000
    Donated Capital 10,000
    To record donations received.

    May 7 Cash 1,600,000
    Preference Shares 1,500,000
    Share Premium-Preference 100,000
    To record issuance of shares.

    June 29 Subscription Receivable 1,200,000
    Subscribed Ordinary Shares 1,000,000
    Share Premium-Ordinary 200,000
    To record the issuance of subscription.

    Sept.11 Cash 1,200,000
    Subscribed Ordinary Shares 1,000,000
    Subscription Receivable 1,200,000
    Ordinary Shares 1,000,000
    To record cash received and the issuance of shares.

    Oct.20 Cash 480,000
    Treasury Stocks 270,000
    Share Premium-Treasury 210,000
    To record sale of treasury stocks.

    Nov. 22 Ordinary Shares 200,000
    Treasury Stock 180,000
    Share Premium-Treasury 20,000
    To record retirement of treasury share.

    Dec.31 Income Summary 450,000
    Retained Earnings 450,000
    To close the income summary.




    MEMO:

    Aug. 17 "Received donation from ordinary shareholders, 2,000 ordinary shares."

    ReplyDelete
  45. Iris Prisno8 March 2015 at 04:18

    Iris Prisno BSA-IA

    Jan. 5 Land 650,000
    Ordinary Shares 650,000
    To record issuance of share.

    Feb. 10 Treasury Stocks 540,000
    Cash 540,000
    To record acquisition of treasury shares.

    15 Cash 10,000
    Donated Capital 10,000
    To record donations received.

    May 7 Cash 1,600,000
    Preference Shares 1,500,000
    Share Premium-Preference 100,000
    To record issuance of shares.

    June 29 Subscription Receivable 1,200,000
    Subscribed Ordinary Shares 1,000,000
    Share Premium-Ordinary 200,000
    To record the issuance of subscription.

    Sept.11 Cash 1,200,000
    Subscribed Ordinary Shares 1,000,000
    Subscription Receivable 1,200,000
    Ordinary Shares 1,000,000
    To record cash received and the issuance of shares.

    Oct.20 Cash 480,000
    Treasury Stocks 270,000
    Share Premium-Treasury 210,000
    To record sale of treasury stocks.

    Nov. 22 Ordinary Shares 200,000
    Treasury Stock 180,000
    Share Premium-Treasury 20,000
    To record retirement of treasury share.

    Dec.31 Income Summary 450,000
    Retained Earnings 450,000
    To close the income summary.




    MEMO:

    Aug. 17 "Received donation from ordinary shareholders, 2,000 ordinary shares."

    ReplyDelete
  46. clarisa valerio8 March 2015 at 04:19

    clarisa valerio BSA-IA

    Jan. 5 Land 650,000
    Ordinary Shares 650,000
    To record issuance of share.

    Feb. 10 Treasury Stocks 540,000
    Cash 540,000
    To record acquisition of treasury shares.

    15 Cash 10,000
    Donated Capital 10,000
    To record donations received.

    May 7 Cash 1,600,000
    Preference Shares 1,500,000
    Share Premium-Preference 100,000
    To record issuance of shares.

    June 29 Subscription Receivable 1,200,000
    Subscribed Ordinary Shares 1,000,000
    Share Premium-Ordinary 200,000
    To record the issuance of subscription.

    Sept.11 Cash 1,200,000
    Subscribed Ordinary Shares 1,000,000
    Subscription Receivable 1,200,000
    Ordinary Shares 1,000,000
    To record cash received and the issuance of shares.

    Oct.20 Cash 480,000
    Treasury Stocks 270,000
    Share Premium-Treasury 210,000
    To record sale of treasury stocks.

    Nov. 22 Ordinary Shares 200,000
    Treasury Stock 180,000
    Share Premium-Treasury 20,000
    To record retirement of treasury share.

    Dec.31 Income Summary 450,000
    Retained Earnings 450,000
    To close the income summary.




    MEMO:

    Aug. 17 "Received donation from ordinary shareholders, 2,000 ordinary shares."

    ReplyDelete
  47. merilyn hermosilla8 March 2015 at 04:20

    merilyn hermosilla BSA-IA

    Jan. 5 Land 650,000
    Ordinary Shares 650,000
    To record issuance of share.

    Feb. 10 Treasury Stocks 540,000
    Cash 540,000
    To record acquisition of treasury shares.

    15 Cash 10,000
    Donated Capital 10,000
    To record donations received.

    May 7 Cash 1,600,000
    Preference Shares 1,500,000
    Share Premium-Preference 100,000
    To record issuance of shares.

    June 29 Subscription Receivable 1,200,000
    Subscribed Ordinary Shares 1,000,000
    Share Premium-Ordinary 200,000
    To record the issuance of subscription.

    Sept.11 Cash 1,200,000
    Subscribed Ordinary Shares 1,000,000
    Subscription Receivable 1,200,000
    Ordinary Shares 1,000,000
    To record cash received and the issuance of shares.

    Oct.20 Cash 480,000
    Treasury Stocks 270,000
    Share Premium-Treasury 210,000
    To record sale of treasury stocks.

    Nov. 22 Ordinary Shares 200,000
    Treasury Stock 180,000
    Share Premium-Treasury 20,000
    To record retirement of treasury share.

    Dec.31 Income Summary 450,000
    Retained Earnings 450,000
    To close the income summary.




    MEMO:

    Aug. 17 "Received donation from ordinary shareholders, 2,000 ordinary shares."

    ReplyDelete
  48. Kristy Anne Avila 1b8 March 2015 at 04:21

    Jan 5 Land 650000
    Ordinary Shares 650000
    Issuance of Ordinary Shares for land
    Feb 10 Treasury Shares 540000
    Cash 540000
    Purchase of Treasury shares at cost

    Feb 15 Cash 10000
    Donated Capital 10000
    Received donated capital

    May 7 Cash 1600000
    Preference share 1500000
    Share premium-Preference 100000
    Issued Preference share above par

    Jan 29 Subscription Receivable 1200000
    Subscribes ordinary share 1000000
    Share premium – ordinary 200000
    Received subscription

    Sept 11 Cash 1200000
    Subscribed Ordinary Shares 1000000
    Subscription Receivable 1200000
    Ordinary Share 1000000
    Received full payment and issued shares
    Oct 20 Cash 450000
    Treasury Shares 270000
    Share Premium – Treasury 210000
    Reissuance of treasury shares

    August 17 (Memo Entry) Received donation from ordinary shareholders.
    Nov 22 Ordinary Shares 200000
    Treasury Shares 180000
    Share Premium – Treasury 20000
    Retired treasury shares

    Dec 31 Income Summary 450000
    Retained Earnings 450000
    Close Income to Retained Earnings

    ReplyDelete
  49. ariane gata8 March 2015 at 04:21

    ariane gata BSA-IA

    Jan. 5 Land 650,000
    Ordinary Shares 650,000
    To record issuance of share.

    Feb. 10 Treasury Stocks 540,000
    Cash 540,000
    To record acquisition of treasury shares.

    15 Cash 10,000
    Donated Capital 10,000
    To record donations received.

    May 7 Cash 1,600,000
    Preference Shares 1,500,000
    Share Premium-Preference 100,000
    To record issuance of shares.

    June 29 Subscription Receivable 1,200,000
    Subscribed Ordinary Shares 1,000,000
    Share Premium-Ordinary 200,000
    To record the issuance of subscription.

    Sept.11 Cash 1,200,000
    Subscribed Ordinary Shares 1,000,000
    Subscription Receivable 1,200,000
    Ordinary Shares 1,000,000
    To record cash received and the issuance of shares.

    Oct.20 Cash 480,000
    Treasury Stocks 270,000
    Share Premium-Treasury 210,000
    To record sale of treasury stocks.

    Nov. 22 Ordinary Shares 200,000
    Treasury Stock 180,000
    Share Premium-Treasury 20,000
    To record retirement of treasury share.

    Dec.31 Income Summary 450,000
    Retained Earnings 450,000
    To close the income summary.




    MEMO:

    Aug. 17 "Received donation from ordinary shareholders, 2,000 ordinary shares."

    ReplyDelete
  50. Anonymous8 March 2015 at 04:22

    Mary Dolor 1b

    Jan 5 Land 650000
    Ordinary Shares 650000
    Issuance of Ordinary Shares for land
    Feb 10 Treasury Shares 540000
    Cash 540000
    Purchase of Treasury shares at cost

    Feb 15 Cash 10000
    Donated Capital 10000
    Received donated capital

    May 7 Cash 1600000
    Preference share 1500000
    Share premium-Preference 100000
    Issued Preference share above par

    Jan 29 Subscription Receivable 1200000
    Subscribes ordinary share 1000000
    Share premium – ordinary 200000
    Received subscription

    Sept 11 Cash 1200000
    Subscribed Ordinary Shares 1000000
    Subscription Receivable 1200000
    Ordinary Share 1000000
    Received full payment and issued shares
    Oct 20 Cash 450000
    Treasury Shares 270000
    Share Premium – Treasury 210000
    Reissuance of treasury shares

    August 17Received donation from ordinary shareholders.
    Nov 22 Ordinary Shares 200000
    Treasury Shares 180000
    Share Premium – Treasury 20000
    Retired treasury shares

    Dec 31 Income Summary 450000
    Retained Earnings 450000
    Close Income to Retained Earnings

    ReplyDelete
  51. yvette boreres8 March 2015 at 04:22

    yvette boreres BSA-IA

    Jan. 5 Land 650,000
    Ordinary Shares 650,000
    To record issuance of share.

    Feb. 10 Treasury Stocks 540,000
    Cash 540,000
    To record acquisition of treasury shares.

    15 Cash 10,000
    Donated Capital 10,000
    To record donations received.

    May 7 Cash 1,600,000
    Preference Shares 1,500,000
    Share Premium-Preference 100,000
    To record issuance of shares.

    June 29 Subscription Receivable 1,200,000
    Subscribed Ordinary Shares 1,000,000
    Share Premium-Ordinary 200,000
    To record the issuance of subscription.

    Sept.11 Cash 1,200,000
    Subscribed Ordinary Shares 1,000,000
    Subscription Receivable 1,200,000
    Ordinary Shares 1,000,000
    To record cash received and the issuance of shares.

    Oct.20 Cash 480,000
    Treasury Stocks 270,000
    Share Premium-Treasury 210,000
    To record sale of treasury stocks.

    Nov. 22 Ordinary Shares 200,000
    Treasury Stock 180,000
    Share Premium-Treasury 20,000
    To record retirement of treasury share.

    Dec.31 Income Summary 450,000
    Retained Earnings 450,000
    To close the income summary.




    MEMO:

    Aug. 17 "Received donation from ordinary shareholders, 2,000 ordinary shares."

    ReplyDelete
  52. Anonymous8 March 2015 at 04:23

    Gina Bertulfo 1B
    Jan 5 Land 650000
    Ordinary Shares 650000
    Issuance of Ordinary Shares for land
    Feb 10 Treasury Shares 540000
    Cash 540000
    Purchase of Treasury shares at cost

    Feb 15 Cash 10000
    Donated Capital 10000
    Received donated capital

    May 7 Cash 1600000
    Preference share 1500000
    Share premium-Preference 100000
    Issued Preference share above par

    Jan 29 Subscription Receivable 1200000
    Subscribes ordinary share 1000000
    Share premium – ordinary 200000
    Received subscription

    Sept 11 Cash 1200000
    Subscribed Ordinary Shares 1000000
    Subscription Receivable 1200000
    Ordinary Share 1000000
    Received full payment and issued shares
    Oct 20 Cash 450000
    Treasury Shares 270000
    Share Premium – Treasury 210000
    Reissuance of treasury shares

    August 17Received donation from ordinary shareholders.
    Nov 22 Ordinary Shares 200000
    Treasury Shares 180000
    Share Premium – Treasury 20000
    Retired treasury shares

    Dec 31 Income Summary 450000
    Retained Earnings 450000
    Close Income to Retained Earnings

    ReplyDelete
  53. angela ramos8 March 2015 at 04:23

    angela ramos BSA-IA

    Jan. 5 Land 650,000
    Ordinary Shares 650,000
    To record issuance of share.

    Feb. 10 Treasury Stocks 540,000
    Cash 540,000
    To record acquisition of treasury shares.

    15 Cash 10,000
    Donated Capital 10,000
    To record donations received.

    May 7 Cash 1,600,000
    Preference Shares 1,500,000
    Share Premium-Preference 100,000
    To record issuance of shares.

    June 29 Subscription Receivable 1,200,000
    Subscribed Ordinary Shares 1,000,000
    Share Premium-Ordinary 200,000
    To record the issuance of subscription.

    Sept.11 Cash 1,200,000
    Subscribed Ordinary Shares 1,000,000
    Subscription Receivable 1,200,000
    Ordinary Shares 1,000,000
    To record cash received and the issuance of shares.

    Oct.20 Cash 480,000
    Treasury Stocks 270,000
    Share Premium-Treasury 210,000
    To record sale of treasury stocks.

    Nov. 22 Ordinary Shares 200,000
    Treasury Stock 180,000
    Share Premium-Treasury 20,000
    To record retirement of treasury share.

    Dec.31 Income Summary 450,000
    Retained Earnings 450,000
    To close the income summary.




    MEMO:

    Aug. 17 "Received donation from ordinary shareholders, 2,000 ordinary shares."

    ReplyDelete
  54. Anonymous8 March 2015 at 04:23

    Christine Tumandao 1B

    Jan 5 Land 650000
    Ordinary Shares 650000
    Issuance of Ordinary Shares for land
    Feb 10 Treasury Shares 540000
    Cash 540000
    Purchase of Treasury shares at cost

    Feb 15 Cash 10000
    Donated Capital 10000
    Received donated capital

    May 7 Cash 1600000
    Preference share 1500000
    Share premium-Preference 100000
    Issued Preference share above par

    Jan 29 Subscription Receivable 1200000
    Subscribes ordinary share 1000000
    Share premium – ordinary 200000
    Received subscription

    Sept 11 Cash 1200000
    Subscribed Ordinary Shares 1000000
    Subscription Receivable 1200000
    Ordinary Share 1000000
    Received full payment and issued shares
    Oct 20 Cash 450000
    Treasury Shares 270000
    Share Premium – Treasury 210000
    Reissuance of treasury shares

    August 17Received donation from ordinary shareholders.
    Nov 22 Ordinary Shares 200000
    Treasury Shares 180000
    Share Premium – Treasury 20000
    Retired treasury shares

    Dec 31 Income Summary 450000
    Retained Earnings 450000
    Close Income to Retained Earnings

    ReplyDelete
  55. Anonymous8 March 2015 at 04:28

    Jan 5 Land 650,000
    Ordinary Shares 650,000

    Feb 10 Treasury Stock 540,000
    Cash 540,000

    5 Cash 10,000
    Donated Capital 10,000

    May 7 Cash 1,600,000
    Preference Shares 1,500,000
    Share Premium-Preference 100,000

    Jun 29 Subscription Receivable 1,200,000
    Subscribed Ordinary Shares 1,000,000
    Share Premium-Ordinary 200,000

    Sep 11 Cash 1,200,000
    Subscription Receivable 1,200,000

    Subscribed Ordinary Shares 1,000,000
    Ordinary Shares 1,000,000

    Oct 20 Cash 480,000
    Treasury Stock 270,000
    Share Premium-Treasury 210,000

    Nov 22 Ordinary Shares 200,000
    Treasury Stock 180,000
    Share Premium-Treasury 20,000

    Dec 31 Income Summary 450,000
    Retained Earnings 450,000


    MACAWILE, MA. KATHELYN D.
    BSA-1A

    ReplyDelete
  56. Anonymous8 March 2015 at 04:29

    Añora, Karl Joshua C. BSA-1A

    Jan 5 Land 650 000
    Ordinary Shares 650 000

    Feb 10 Treasury Shares 540 000
    Cash 540 000

    15 Cash 10 000
    Donated Capital 10 000

    May 7 Cash 1 600 00
    Preference Shares 1 500 000
    Share Premium- Preference 100 000

    June 29 Subscription Receivable 1 200 000
    Subscription Ordinary Shares 1 000 000
    Share Premium- Ordinary 200 000

    Spet 11 Cash 1 200 000
    Subscription Ordinary Shares 1 000 000
    Subscription Receivable 1 200 000
    Ordinary Shares 1 000 000

    Oct 20 Cash 480 000
    Treasury Shares 270 000
    Share Premium- Treasury 210 000

    Nov 22 Ordinary Shares 200 000
    Treasury Shares 180 000
    Share Premium- Treasury 20 000

    Dec 31 Income Summary 450 000
    Retained Earnings 450 000

    ReplyDelete
  57. Anonymous8 March 2015 at 04:29

    Jan 5 Land 650,000
    Ordinary Shares 650,000

    Feb 10 Treasury Stock 540,000
    Cash 540,000

    5 Cash 10,000
    Donated Capital 10,000

    May 7 Cash 1,600,000
    Preference Shares 1,500,000
    Share Premium-Preference 100,000

    Jun 29 Subscription Receivable 1,200,000
    Subscribed Ordinary Shares 1,000,000
    Share Premium-Ordinary 200,000

    Sep 11 Cash 1,200,000
    Subscription Receivable 1,200,000

    Subscribed Ordinary Shares 1,000,000
    Ordinary Shares 1,000,000

    Oct 20 Cash 480,000
    Treasury Stock 270,000
    Share Premium-Treasury 210,000

    Nov 22 Ordinary Shares 200,000
    Treasury Stock 180,000
    Share Premium-Treasury 20,000

    Dec 31 Income Summary 450,000
    Retained Earnings 450,000


    ALBAO, ANA MARJORIE A.
    BSA-1A

    ReplyDelete
  58. Anonymous8 March 2015 at 04:30

    ALBAT, ARAMINA.
    BSA-1A

    Jan 5 Land 650,000
    Ordinary Shares 650,000

    Feb 10 Treasury Stock 540,000
    Cash 540,000

    5 Cash 10,000
    Donated Capital 10,000

    May 7 Cash 1,600,000
    Preference Shares 1,500,000
    Share Premium-Preference 100,000

    Jun 29 Subscription Receivable 1,200,000
    Subscribed Ordinary Shares 1,000,000
    Share Premium-Ordinary 200,000

    Sep 11 Cash 1,200,000
    Subscription Receivable 1,200,000

    Subscribed Ordinary Shares 1,000,000
    Ordinary Shares 1,000,000

    Oct 20 Cash 480,000
    Treasury Stock 270,000
    Share Premium-Treasury 210,000

    Nov 22 Ordinary Shares 200,000
    Treasury Stock 180,000
    Share Premium-Treasury 20,000

    Dec 31 Income Summary 450,000
    Retained Earnings 450,000

    ReplyDelete
  59. Anonymous8 March 2015 at 04:33

    Jan. 5 Land 650000
    Ordinary Shares 650000
    Issuance of Shares

    Feb. 10 Treasury Shares 540000
    Cash 540000
    Purchase of treasury

    15 Cash 10000
    Donated Capital 10000
    Donation of capital

    May 7 Cash 1600000
    Preference Shares 1500000
    Share Premium- Preference 100000
    Issuance of shares

    June 29 Subscription Receivable 1200000
    Subscribed Ordinary Shares 1000000
    Share Premium- Ordinary 200000
    Subscription of shares

    Sept. 11 Cash 1200000
    Subscribed Ordinary Shares1000000
    Subscription Receivable 1200000
    Ordinary Shares 1000000
    Full payment of subscriptio
    and issuance of certificate of stock

    Oct. 20 Cash 480000
    Treasury Shares 270000
    Share Premium- Treasury 210000
    Reissuance of treasury

    Nov. 22 Ordinary Shares 200000
    Share Premium-Ordinary 8000
    Share Premim- Treasury 12000
    Treasury Shares 200000
    Retirement of treasury

    Dec. 31 Income Summary 450000
    Retained Earnings 450000
    To record profit

    Aaron John C. Añora BSA-1B

    ReplyDelete
  60. Anonymous8 March 2015 at 04:36

    - Nicudemus Carlou D. Capellan BSA 1B

    2015
    Jan. 5 Land 650 000
    Ordinary Shares 650 000
    Sold shares in exchange of land.

    Feb. 10 Treasury Stock 600 000
    Cash 600 000
    Purchased own shares.

    15 Cash 10 000
    Donated Capital 10 000
    Received donation.

    May 7 Cash 1 600 000
    Preference Shares 1 500 000
    Share Premium - Preference 10 000
    Sold preference shares.

    June 29 Subscription Receivable 1 200 000
    Subscribed Ordinary Shares 1 000 000
    Share Premium - Ordinary 200 000
    Subscribed shares.

    Sept. 11 Cash 1 200 000
    Subscription Receivable 1 200 000
    Received payments.

    / Subscribed Ordinary Shares 1 000 000
    Ordinary Shares 1 000 000
    Closing of subscriptions.

    Oct. 20 Cash 480 000
    Treasury Stock 270 000
    Share Premium - Treasury 210 000
    Sold treasury.

    Nov. 22 Ordinary Shares 200 000
    Treasury Shares 150 000
    Share Premium - Treasury 50 000
    Retired shares.

    Dec. 31 Income Summary 450 000
    Retained Earnings 450 000
    Closing of income.

    ReplyDelete
  61. Anonymous8 March 2015 at 04:37

    2015
    Jan. 5 Land 650 000
    Ordinary Shares 650 000
    Issued shares for land.

    Feb. 10 Treasury Shares 540 000
    Cash 540 000
    Purchased treasury shares.

    15 Cash 10 000
    Donated Capital 10 000
    Donation of shareholders.

    May 7 Cash 1 600 000
    Preference Shares 1 500 000
    Share Premium – Preference 100 000
    Issuance of preference shares.

    June 29 Subscriptions Receivable 1 200 000
    Subscribed Ordinary Shares 1 000 000
    Share Premium – Ordinary 200 000
    Received subscription.

    Aug. 17 Cash 200 000
    Donated Capital 200 000
    Donation from shareholders.

    Sept. 11 Cash 1 200 000
    Subscribed Ordinary Shares 1 000 000
    Subscriptions Receivable 1 200 000
    Ordinary Shares 1 000 000
    received full payment from subscribers.

    Oct. 20 Cash 480 000
    Treasury Shares 270 000
    Share Premium – Treasury 210 000
    Sold treasury shares.

    Nov. 22 Ordinary Shares 200 000
    Treasury Shares 180 000
    Share Premium – Treasury 20 000
    Retirement of treasury shares.

    Dec. 31 Income Summary 450 000
    Retained Earnings 450 000
    Closing of income.

    ReplyDelete
  62. Anonymous8 March 2015 at 04:37

    - Ruth B. Florencio BSA 1B

    2015
    Jan. 5 Land 650 000
    Ordinary Shares 650 000
    Sold shares in exchange of land.

    Feb. 10 Treasury Stock 600 000
    Cash 600 000
    Purchased own shares.

    15 Cash 10 000
    Donated Capital 10 000
    Received donation.

    May 7 Cash 1 600 000
    Preference Shares 1 500 000
    Share Premium - Preference 10 000
    Sold preference shares.

    June 29 Subscription Receivable 1 200 000
    Subscribed Ordinary Shares 1 000 000
    Share Premium - Ordinary 200 000
    Subscribed shares.

    Sept. 11 Cash 1 200 000
    Subscription Receivable 1 200 000
    Received payments.

    / Subscribed Ordinary Shares 1 000 000
    Ordinary Shares 1 000 000
    Closing of subscriptions.

    Oct. 20 Cash 480 000
    Treasury Stock 270 000
    Share Premium - Treasury 210 000
    Sold treasury.

    Nov. 22 Ordinary Shares 200 000
    Treasury Shares 150 000
    Share Premium - Treasury 50 000
    Retired shares.

    Dec. 31 Income Summary 450 000
    Retained Earnings 450 000
    Closing of income.

    ReplyDelete
  63. Anonymous8 March 2015 at 04:59

    Adonis, Demelyn T. bsa 1B
    Jan. 5 Land 650,000
    Ordinary shares 650,000

    Feb. 10 Treasury Stock 540,000
    Cash 540,000

    Feb. 15 Cash 10,000
    Donated capital 10,000

    May 7 Cash 1,600,000
    Preference share 1,500,000
    Share premium-preference 100,000

    June 29 Cash 1,200,000
    Subscription ordinary share 1,000,000
    Share premium-ordinary 200,000

    Sept. 11 Cash 1,200,000
    Subscription receivable 1,200,000

    Oct. 20 Cash 480,000
    Treasury stock 270,000
    Share premium 210,000

    Nov. 22 ordinary shares 200,000
    Share premium 20,000
    Treasury stock 180,000

    Dec. 31 income summary 450,000
    Retained earnings 450,000

    ReplyDelete
  64. Anonymous8 March 2015 at 05:00

    Lendio, Gerly Jane M.

    Jan. 5 Land 650,000
    Ordinary shares 650,000

    Feb. 10 Treasury Stock 540,000
    Cash 540,000

    Feb. 15 Cash 10,000
    Donated capital 10,000

    May 7 Cash 1,600,000
    Preference share 1,500,000
    Share premium-preference 100,000

    June 29 Cash 1,200,000
    Subscription ordinary share 1,000,000
    Share premium-ordinary 200,000

    Sept. 11 Cash 1,200,000
    Subscription receivable 1,200,000

    Oct. 20 Cash 480,000
    Treasury stock 270,000
    Share premium 210,000

    Nov. 22 ordinary shares 200,000
    Share premium 20,000
    Treasury stock 180,000

    Dec. 31 income summary 450,000
    Retained earnings 450,000

    ReplyDelete
  65. Anonymous8 March 2015 at 05:01

    Canciller, Mariel BSA-1B

    Jan. 5 Land 650,000
    Ordinary shares 650,000

    Feb. 10 Treasury Stock 540,000
    Cash 540,000

    Feb. 15 Cash 10,000
    Donated capital 10,000

    May 7 Cash 1,600,000
    Preference share 1,500,000
    Share premium-preference 100,000

    June 29 Cash 1,200,000
    Subscription ordinary share 1,000,000
    Share premium-ordinary 200,000

    Sept. 11 Cash 1,200,000
    Subscription receivable 1,200,000

    Oct. 20 Cash 480,000
    Treasury stock 270,000
    Share premium 210,000

    Nov. 22 ordinary shares 200,000
    Share premium 20,000
    Treasury stock 180,000

    Dec. 31 income summary 450,000
    Retained earnings 450,000

    ReplyDelete
  66. Anonymous8 March 2015 at 05:02

    Nikko Emelito M. Silva BSA- 1B

    Jan. 5 Land 650,000
    Ordinary shares 650,000

    Feb. 10 Treasury Stock 540,000
    Cash 540,000

    Feb. 15 Cash 10,000
    Donated capital 10,000

    May 7 Cash 1,600,000
    Preference share 1,500,000
    Share premium-preference 100,000

    June 29 Cash 1,200,000
    Subscription ordinary share 1,000,000
    Share premium-ordinary 200,000

    Sept. 11 Cash 1,200,000
    Subscription receivable 1,200,000

    Oct. 20 Cash 480,000
    Treasury stock 270,000
    Share premium 210,000

    Nov. 22 ordinary shares 200,000
    Share premium 20,000
    Treasury stock 180,000

    Dec. 31 income summary 450,000
    Retained earnings 450,000

    ReplyDelete
  67. Anonymous8 March 2015 at 07:12

    Amiel Davocol 1b

    January 5 Land 650000
    Ordinary Share 650000
    Issue shares for land

    feb 10 Treasury Shares 540000
    cash 540000
    Purchased treasury

    Feb 15 Cash 10000
    Donated Capital 10000
    received donation from shareholders

    May 7 Cash 1600000
    Preference Share 1500000
    Share premium - Preference100000

    june 29 Subscription Receivable 1200000
    Subscribed ordinary share 1000000
    Share premium - ordinary 200000
    received subscription

    aug 17 received 2000 ordinary shares as donation

    sept 11 subscribed ordinary share 1000000
    ordinary share1000000

    Cash 1200000
    Subscription receivable1200000
    record issuance of share

    Oct 20 Cash 480000
    Treasury stock270000
    share premium - treasury 210000
    reissued treasury shares

    nov 22 Ordinary shares 200000
    Treasury stock180000
    share premium - treasury 20000
    retirement of treasury above cost

    dec 31 income summary 450000
    retained earnings 450000
    close income

    ReplyDelete
  68. Anonymous8 March 2015 at 08:14

    GUIRA KESLEY ANNE A. BSA 1B

    2015
    Jan. 5 Land 650,000
    Ordinary shares 650,000
    To record the issuance of ordinary shares.

    Feb. 10 Treasury Shares 540,000
    Cash 540,000
    To record the purchased of issued shares.

    15 Cash 10,000
    Donated Capital 10,000
    To record the donated cash.

    May 7 Cash 1,600,000
    Preference Shares 1,500,000
    Share Premium-P 100,000

    June 29 Subscription Receivable 1,200,000
    Subscribed Oridinary Shares 1,000,000
    Share Premium-O 200,000
    To record the receive subscription.
    Sept 11 Cash 1,200,000
    Subscribed Ordinary Shares 1,000,000
    Subscription Receivable 1,200,000
    Ordinary Shares 1,000,000
    To record the full payment of subscription

    Oct 20 Cash 480,000
    Treasury Shares 270,000
    Share Premium-T 210,000
    To record the re issued shares.

    Nov 22 Ordinary Shares 200,000
    Share Premium-T 20,000
    Treasury Shares 180,000
    To record the retired shares.

    Dec 31 Income Summary 450,000
    Retained Earnings 450,000
    To record the net income closing.

    Memorandum:

    "Received 2,000 ordinary shares as of aug. 17 2015"

    ReplyDelete

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