Goodevening Jan. 10 Issued 16,000 ordinary shares for P180 cash per share. 23 Purchased 6,000 ordinary shares for the treasury at P200 per share. Mar. 14 Sold one-half of the treasury shares acquired last Jan. 23 for P210 per share. July 15 Issued 3,200 preference shares to acquire special equipment with a fair market value of P1,440,000. Sep. 15 Received subscriptions to 20,000 ordinary shares at P250 per share. Oct. 15 Received cash payment from each subscriber for 40% of the ordinary shares subscription price. Nov. 15 Received the balance due on the Sept. 15 shares subscriptions in cash and issued the stock certificates. Dec. 31 Closed profit of P520,000 from the Income Summary account to Retained Earnings. thankyoo