1. On January 1, 20x1, COMMISERATE CONDOLE Co. received authorization from the SEC to issue share capital of P2,000,0000 divided into 20,000 shares with par value per share of P100. Of the total authorized share capital, 25% was subscribed at par value and 25% of the total subscription was paid at subscription date. On February 1, 20x1, COMMISERATE received full payment for 4,000 subscribed shares and issued the related share certificates. On February 28, 20x1, COMMISERATE received cash subscription for 2,000 shares at par value. Requirements: a. Provide the necessary journal entries under (1) memorandum method and (2) journal entry method. b. Prepare the share capital portion of COMMISERATE's statement of financial position as of February 28, 20x1. 2. SECERN TO SEPARATE Co. started operations on January 1, 20x1. Its authorized capitalization is P2,000,000 divided into 20,000 shares with par value per share of P100. SECERN Co. receives cash subscriptions for 5,000 shares at P120 per share. On January 31, 20x1, SECERN receives subscription for 2,000 shares at P160 per share. Requirement: Provide the necessary journal entries