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2. The share capital transactions of Apple Corporation resulted in the following: Unissued Share Capital, P120,000; Authorized Share Capital, P300,000; Share Premium, P8,000; Subscriptions Receivable,

image text in transcribed 2. The share capital transactions of Apple Corporation resulted in the following: Unissued Share Capital, P120,000; Authorized Share Capital, P300,000; Share Premium, P8,000; Subscriptions Receivable, P32,000 and Subscribed Share Capital, P60,000. What amount of cash was collected from the share capital transactions

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