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  • Computation For Exercise 8

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    Xyzra Alfonso
    28 views7 pages
    1) The document outlines share capital subscriptions and receivables for multiple companies (A, B, C, etc.). 2) It provides details of cash received against share capital subscribed at par value and share premium. 3) Authorized share capital amounts are also specified for each company based on number of shares and par value.

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    Computation for Exercise 8

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    1) The document outlines share capital subscriptions and receivables for multiple companies (A, B, C, etc.). 2) It provides details of cash received against share capital subscribed at par value and share premium. 3) Authorized share capital amounts are also specified for each company based on number of shares and par value.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    28 views7 pages

    Computation For Exercise 8

    Uploaded by

    Xyzra Alfonso
    1) The document outlines share capital subscriptions and receivables for multiple companies (A, B, C, etc.). 2) It provides details of cash received against share capital subscribed at par value and share premium. 3) Authorized share capital amounts are also specified for each company based on number of shares and par value.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 7

    ex 1

    ex 1 Share Capital Subscription Receivable 1,500


    Share Capital Subscribed 1,000
    Share Premium 500
    1000xP15
    1000xP10
    1000xP5

    Cash 450
    Share Capital Subscription Receivable 450
    1500x30%

    2 Cash 600
    Share Capital Subscription Receivable 600
    1500x40%

    4 Receivable from Highest Bidder 450


    Share Capital Subscription Receivable 450
    1500X30%

    Receivable from Highest Bidder 850


    Cash 850
    Authorized to issue 250,000 shares of OSC with a PV of
    abc P20 per share

    A a. Cash 1,562,500
    Ordinary Share Capital 1,250,000
    Ordinary Share Premium 312,000
    62500xP25
    62500xP20
    62500xP5

    b. Cash 1,562,500
    Ordinary Share Capital 937,500
    Ordinary Share Capital in Excess of Stated Value 625,000
    62500xP25
    62500xP15
    62500xP10

    c. Cash 1,562,500
    Ordinary Share Capital 1,562,500
    62500xP25

    Authorized to issue 100,000 shares of OSC with a PV of


    B may 2 P20 per share

    may 2 Cash 500,000


    Original Share Capital 500,000
    25000xP20

    5 Pre-Operating Expense 120,000


    Original Share Capital 120,000

    18 Pre-Operating Expense 120,000


    Original Share Capital 80,000
    Original Share Premium 40,000
    4000xP30
    4000xP20
    4000xP10

    25 Land 600,000
    Original Share Capital 400,000
    Original Share Premium 200,000
    20000xP20= 400,000
    600000-400000= 200,000

    30 Cash 230,000
    Original Share Capital 200,000
    Original Share Premium 30,000
    10000xP23
    10000xP20
    10000xP3
    C mar 1 Cash 600,000
    Original Share Capital Subcription Receivable 1,400,000
    Original Share Capital Subscribed 1,200,000
    Original Share Premium 800,000
    40000xP50x30%= 600,000
    40000xP50x70%= 1,400,000
    40000XP30= 1,200,000
    40000XP20= 800,000

    E Authorized to issue 100,000 shares of OSC with a SV of


    aug 1 P20 per share

    Cash 300,000
    Original Share Capital Subcription Receivable 450,000
    Original Share Capital Subscribed 500,000
    Original Share Premium 250,000
    25000xP30x40%= 300,000
    25000xP30x60%= 450,000
    25000xP20= 500,000
    25000xP10= 250,000

    5 Cash 180,000
    Original Share Capital Subcription Receivable 180,000
    10000xP30x60%= 180,000

    Original Share Capital Subscribed 200,000


    Original Share Capital 200,000
    10000xP20= 200,000

    12 Cash 216,000
    Original Share Capital Subcription Receivable 216,000
    12000xP30x60%= 216,000

    Original Share Capital Subscribed 240,000


    Original Share Capital 240,000
    12000xP20= 240,000

    20 Receivable from highest bidder 54,000


    Original Share Capital Subcription Receivable 54,000
    3000xP30x60%= 54,000

    21 Receivable from highest bidder 15,000


    Cash 15,000
    25 Cash 69,000
    Receivable from highest bidder 69,000
    54000+15000= 69,000

    Original Share Capital Subscribed 60,000


    F Original Share Capital 60,000
    3000xP20= 60,000

    G
    abc Unissued Original Share Capital 5,000,000
    Authorized Original Share Capital
    250,000xP50

    A a. Cash 1,562,500
    Unissued Ordinary Share Capital 1,250,000
    Ordinary Share Premium 312,000

    b. Cash 1,562,500
    Unissued Ordinary Share Capital 937,500
    Ordinary Share Capital in Excess of Stated Value 625,000

    B
    may 2 Unissued Orginal Share Capital 2,000,000
    Authorized Original Share Capital 2,000,000
    100,000xP20

    Cash 500,000
    Original Share Capital 500,000
    25000xP20

    5 Pre-Operating Expense 120,000


    Original Share Capital 120,000

    18 Pre-Operating Expense 120,000


    Original Share Capital 80,000
    Original Share Premium 40,000
    4000xP30
    4000xP20
    4000xP10

    25 Land 600,000
    Original Share Capital 400,000
    Original Share Premium 200,000
    20000xP20= 400,000
    600000-400000= 200,000

    30 Cash 230,000
    Original Share Capital 200,000
    Original Share Premium 30,000
    10000xP23
    10000xP20
    10000xP3

    C mar 1 Cash 600,000


    Original Share Capital Subcription Receivable 1,400,000
    Original Share Capital Subscribed 1,200,000
    Original Share Premium 800,000
    40000xP50x30%= 600,000
    40000xP50x70%= 1,400,000
    40000XP30= 1,200,000
    40000XP20= 800,000

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