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536 Inconting and Reporting 2021 Edition by Prof WIN Ballada On July 2, 2020, Victorino Corporation issued for cash 12,000 shares of no-par ordinary NAME:

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536 Inconting and Reporting 2021 Edition by Prof WIN Ballada On July 2, 2020, Victorino Corporation issued for cash 12,000 shares of no-par ordinary NAME: SECTION: Problem #2 Issuance of Ordinary and Preference Shares SCORE: PROFESSOR: Shares with a stated value of P13 per share at P17. On July 17, it issued for cash 806 shares of P110-par 10% preference shares at P112. Required: 1. Prepare the journal entries for July 2 and July 17. 2. What is the total amount invested by all shareholders as of July 17

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