Item surplus account

Premium on Par value stock sold 5,000.00

Profit from operation 100,000.00
profit on sale of fixed asset 4,000.00
Par treasury stocked donated by president 10,000.00
Surplus from revaluation of land 3,000.00
Surplus from revaluation of building 4,500.00
Value of site donated by city of manila 3,500.00
Excess of paid-in value overstated value of no Par 1,500.00
Suplus from forfeited stock subscription 500.00
Receipt from insurance company 10,000.00
Discount on when sold (1,000.00)
Land in (f) sold for less than book value (2,000.00)
loss from flood (9,000.00)
goodwill written off (5,500.00) (5,500.00)
premium on treasury stock brought and retired (6,000.00)
cash dividends (25,000.00)
stock dividends (30,000.00)
cash dividends (25,000.00)
balance forwarded 38,500.00 38,500.00
33,000.00

Total 77000
free retained From premium on From donation of From donation on Excess over stated
earnings stock stock land value
5,000.00
100,000.00
4,000.00
10,000.00

3,500.00
1,500.00

10,000.00
(1,000.00)

(9,000.00)

(6,000.00)
(25,000.00)
(30,000.00)
(25,000.00)

24,000.00 500.00 10,000.00 3,500.00 -

From forfeited
Unrealized land Increment Building
subscription

3,000.00
4,500.00

500.00

(2,000.00)

500.00 3,000.00 2,500.00