24. The Nani Corporation is authorized to issue 150,000 ordinary shares, P17 par value. At the beginning of 2020, 27,000 ordinary shares were issued and outstanding. These shares had been issued at P24. During 2020, the company entered into the following transactions: Jan. 16 - Issued 1,950 ordinary shares at P25 per share. Mar. 21 - Exchanged 18,000 ordinary shares for a building. The ordinary shares were selling at P27 per share. May 7 - Reacquired 750 ordinary shares at P26 per share to be held in treasury. July 1 - Accepted subscriptions to 1,500 ordinary shares at P28 per share. The contract called for 10% down payment with the balance due on December 1. Sept. 20 - Sold 750 treasury shares at P29 per share. Dec. 1 - Collected the balance due on July 1 subscriptions and issued the shares. Total contributed capital for December 31, 2020 is shares. Total contributed capital for December 31, 2020 is 25. ATD Company issued all of its outstanding shares for P150 in 2018. On January 10, 2019, ATC acquired 150,000 treasury shares at P120 per share. ATC reissued 75,000 treasury shares for P7,500,000 on June 30, 2020 and retired the rest on December 31, 2020. ATC's selected equity accounts as at December 31, 2019 follow: Share capital, P100 par value P225,000,000 Share premium 112,500,000 Retained earnings 37,500,000 What shall be the balance of share capital account on December 31, 20202 26.LUNA Co. has the following information related to its accounts as of December 31, 2020: Ordinary share capital, P50 par value P1,500,000 Preference share capital, P30 par value 675,000 Share premium ordinary 600,000 Share premium - preference 180,000 Retained earnings 375,000 Treasury shares - ordinary, P55 cost per share 412.500 What is the number of issued and outstanding shares for ordinary shares and preference shares respectively? mation ze of December preference shares respectively? 27. The shareholders' equity of Jude shows the following information as of December 31, 2020 Share capital - ordinary P3,000,000 Share premium - ordinary 300,000 Subscribed capital - ordinary 750,000 Subscription receivable 225,000 Retained earnings 450,000 Treasury shares, at cost 150,000 What amount of shareholder's equity should Jude report as of December 31, 2020? 28. The stockholders' equity of Dennis at the end of 2020 and 2019 are as follows: 2020 2019 P 900,000 Preferred stock, P100 par, 12% P1,500,000 Common stock, P20 par 3,000,000 2,700,000 Share premium Preferred 24,000 Common 6,525,000 5,625,000 Retained earnings 120,000 270,000 How many shares of preferred stock were issued in 2020 and at what price, respectively? How many shares of preferred stock were issued in 2020 and at what price, respectively? 29. Data from the statement of financial position of Alpha Builders Corp. shows Unissued share capital of P40,000; Authorized share capital P100,000; Share premium, P4,000; Subscriptions Receivable P16,000; and Subscribed share capital P30,000. How much total cash was collected from the sale and subscription of shares? 30. In 2019, NCTEX Incorporated issued 75,000 shares of P10 par value for P100 per share. In 2020, the entity reacquired 3,000 shares at P150 per share and immediately cancelled these 3,000 shares. In relation with the retirement of shares, what amount should be debited to share premium and retained earnings respectively