Question
B. The following is a list of selected account balances taken from December 31, 2020 general ledger of Marcelo Corporation: Accounts PayableP1,400,000 Accounts Receivable2,357,000 Ordinary
B. The following is a list of selected account balances taken from December 31, 2020 general ledger of Marcelo Corporation:
Accounts PayableP1,400,000
Accounts Receivable2,357,000
Ordinary Share Capital1,260,000
Share Premium-Ordinary Share1,087,750
Share Premium-Preference Share92,100
Preference Share Capital500,000
Subscribed Preference Share140,000
Retained Earnings191,950
Subscription Receivable-Preference Share105,000
- Prepare a Journal entry
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Managerial Accounting Tools For Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly
5th Canadian Edition
