Scribd Logo
Upload

Welcome to Scribd!

  • AST Assignment

    Uploaded by

    SANCHEZ PRENCESS ALLYSA
    11 views3 pages
    This document is the balance sheet of Russel's Corporation as of June 30, 2022. It shows total assets of P1,140,000 consisting of current assets of P890,000 including cash of P790,000 and subscription receivable of P200,000, as well as non-current land assets of P150,000. On the liabilities side, it shows shareholders' equity of P1,140,000 comprising common stock of P560,000 less organization costs, subscribed capital stock of P500,000, and additional paid-in capital of P105,000.

    Original Description:

    Copyright

    © © All Rights Reserved

    Available Formats

    XLSX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    This document is the balance sheet of Russel's Corporation as of June 30, 2022. It shows total assets of P1,140,000 consisting of current assets of P890,000 including cash of P790,000 and subscription receivable of P200,000, as well as non-current land assets of P150,000. On the liabilities side, it shows shareholders' equity of P1,140,000 comprising common stock of P560,000 less organization costs, subscribed capital stock of P500,000, and additional paid-in capital of P105,000.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    11 views3 pages

    AST Assignment

    Uploaded by

    SANCHEZ PRENCESS ALLYSA
    This document is the balance sheet of Russel's Corporation as of June 30, 2022. It shows total assets of P1,140,000 consisting of current assets of P890,000 including cash of P790,000 and subscription receivable of P200,000, as well as non-current land assets of P150,000. On the liabilities side, it shows shareholders' equity of P1,140,000 comprising common stock of P560,000 less organization costs, subscribed capital stock of P500,000, and additional paid-in capital of P105,000.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 3

    Debit

    10-Jan Cash ( 30,000 shares x P10 per share) 300,000


    Common Stock
    25-Jan Organization Cost 25000
    Preferred Stock ( 2,000 shares*P10)
    Paid in Capital Excess of PV ( 25.000-20,000)
    20-Feb Land ( 15,000 shares* P10) 150,000
    Common stock (15,000 shares *P10)
    25-Mar Cash 100,000
    Subscription Receivable 200,000
    Subscribe Capital Stock
    Paid-in Expense of Par value
    25-Apr Cash 100,000
    Subscription Receivable
    25-May Cash 100,000
    Subscription Receivable
    15-Jun Cash ( 5k shares*P18) 90,000
    Common Stock (5,000 shares *P10)
    30-Jun Cash 200,000
    Subscription Receivable

    JOHN RAYMARK BACILA BA7MA


    Credit Russel's Corporation
    Balance Sheet
    300,000 as of June 30, 2022
    ASSETS
    20,000 Curent Assets
    5000 Cash P790,000

    150,000 Subscription Receivable 200,000


    Total P890,000
    Non Curernt Assets
    200,000,
    100,000 Land 150,000

    100,000
    Total Assets P1,140,000

    100,000

    90,000

    200,000
    Russel's Corporation
    Balance Sheet
    as of June 30, 2022
    SHAREHOLDERS EQUITY
    Common stock 560,000
    Less: Organization Cost (25,000)
    Subscribed Capital Stock 500,000

    Additional Paid-in Capital 105,000,000

    Total Shareholders Equity P1,140,000

    You might also like