Delgado Software Corporation

Memorandum Entry Method: Memorandum Entry Met

Cash 500,000 2019
Ordinary Shares 125,000 Jan. 4
Share Premium 375,000

Cash 850,000 10
Ordinary Shares 850,000

Cash 625,000
Ordinary Shares 625,000 29

31

White Corporation
Memorandum Entry Method: Journal Entry Method:
2020 2020
Jan. 1 Authorized to issue 10,000 preference shares with a par value of ₱100 Jan. 1
200,000 ordinary shares with a par value of ₱10

Cash 1,000,000
Preference Shares 250,000
Ordinary Shares 500,000
Share Premium - Ordinary Shares 250,000

June 1 Cash 120,000

Preference Shares 100,000
Share Premium - Preference Shares 20,000 June 1

Dec. 1 Cash 250,000

Ordinary Shares 100,000
Share Premium - Ordinary Shares 150,000 Dec. 1
 Refozar Corporation
Memorandum Entry Method: Memorandum Entry Method:
Nov. 1
Treasury Stocks 168,000
Cash 168,000 2

Cash 36,000
Treasury Stock 28,000
Share Premium - Treasury Stock 8,000

Cash 84,000
Share Premium - Treasury Stock 8,000 5
Retained Earnings 6,000
Treasury Stock 98,000

Cash 42,000 16
Treasury Stock 42,000

ation
ournal Entry Method:

Unissued Preference Shares 1,000,000

Unissued Ordinary Shares 2,000,000 28
Authorized Preference Shares 1,000,000
Authorized Ordinary Shares 2,000,000

Cash 1,000,000
Unissued Preference Shares 250,000
Unissued Ordinary Shares 500,000 Dec. 16
Share Premium - Ordinary Shares 250,000

Cash 120,000
Unissued Preference Shares 100,000
Share Premium - Preference Shares 20,000

Cash 250,000
Unissued Ordinary Shares 100,000
Share Premium - Ordinary Shares 150,000 20

26
 Maroon Company
Memorandum Entry Method:
Authorized to issue 200,000 ordinary shares with a par value of ₱25

Subscription Receivable (50,000 x P30) 1,500,000

Subscribed Ordinary Shares (50,000 x P25) 1,250,000
Share Premium 250,000

Cash 600,000
Subscription Receivable 600,000

Equipment 400,000
Ordinary Shares 250,000
Share Premium 150,000

Subscription Receivable 840,000

Subscribed Ordinary Shares 750,000
Share Premium 90,000

Cash 168,000
Subscription Receivable 168,000

Cash 630,000
Subscription Receivable 630,000

Subscribed Ordinary Shares (35,000 x 25) 875,000

Ordinary Shares 875,000

Cash (25,000 x 28 x 80%) 560,000

Subscription Receivable 560,000

Subscribed Ordinary Shares (25,000 x 25) 625,000

Ordinary Shares 625,000

Receivable from Highest Bidder (5,000 x 28 x 80%) 112,000

Subscription Receivable 112,000

Receivable from Highest Bidder 5,000

Cash 5,000

Cash (112,000 + 5000) 117,000

Receivable from Highest Bidder 117,000

Subscribed Ordinary Shares (5,000 x P25) 125,000

Ordinary Shares 125,000