Please answer the followring question about Accounting for Corporation

C. On March 1, 2018, Plain, Inc. sold 40,000 shares of its P 30 par value Ordinary Share Capital on a subscription basis at P 50 per share. The corporation received a 30% down payment on the date of subscription. On March 10, 2018, the corporation collected the balance of the subscription and issued the certificates. Required: Prepare the journal entries to record above transactions. D. | Faith Corporation was organized on January 2. 2018 and is authorized to issue 25,000 shores of 10% Preference Shore Capital, P 50 par and 250,000 shares of Ordinary Share Capital, F 20 stated value. The following transactions took place during January: Jan 2 : Issued to incorporators 62,500 ordinary shares at P 25 per share and 6,250 preference shares at par value. 6 Issued 1,250 shares to corporate promoters. The value of preference shore capital on this date is P 70 per share. 10 Received subscriptions for 85,000 ordinary shares at P 30 per shore with a down payment of 60% of the subscription price. | Issued 25,000 ordinary shores in exchange for the following: Fair value Merchandise Inventory P 10,000 Land 350,000 Building 200,000 Equipment 20,000 28 | Received balance due on the Jan. 10 subscription and issued the certificates. Required: Prepare the journal entries to record above transactions.E. Marvel Corporation was authorized to issue 100,000 ordinary shares with a stated volue of P 20. The following transactions have taken place in relation to the share capital: Aug 1 | Received subscriptions for 25,000 shores at 30 receiving a 40% down payment. 5 \\ Received balance due from subscribers of 10,000 shores and issued the certificates to the subscribers. 12 | Received balance due from subscribers of 12,000 shores and issued the certificates to the subscribers. 20 The subscriber of the remaining shares failed to pay his delinquency and was declared delinquent. 21 | Paid delinquency sale of F 15,000 25 | Received payment from the highest bidder and issued the certificates.F_ A statement of financial position for Green and Gold, prepared on October 1, 2018 is shown below. Partners share profit and loss in the ratio of 75:25, respectively. GREEN AND GOLD Statement of Financial Position October 1, 2018 #+ ASSETS ----- Cash P 42,000 Accounts Receivable F 124,000 Less allowance for bad Debts 12,000 112,000 Inventories 206,000 Office Furniture P 600,000 Less accumulated depreciation 160,000 440,000 Goodwill 100,000 Total Assets P 900,000 LIABILITIES AND CAPITAL Accounts Payable P 104,000 Green, Capital 394,000 Gold, Capital 402,000 Total Liabilities and Capital P 900,000 An appraisal of the assets discloses the following fair values: Inventories, P 296,000; Equipment P 520,000. Green and Gold, together with three other friends, decided to incorporate as Color Corporation with 50,000 authorized shares of P 50 par ordinary share capital. The three other incorporators acquired 10,000 shares at P 70 per share. Green and Gold received 14,000 shares in exchange for the net assets of the partnership except cash. On this date, the fair value of the stock is P 70 per share. Green agrees to take 7.500 shares and Gold, 6,500 shares. The partnership cash is appropriately divided between Green and Gold. Required: Give the joumal entries to record the above transactions on the books of the partnership and on the new books of the corporation.G. The Silver Ray Corporation was organized on January 1, 2018 with authorized shore capital consisting of 50,000 preference shares with a par value of P 50 and 1,000,000 of no-par ordinary shares with a stated value of P 10 per share. At December 31, 2018, the ledger included the following balances pertaining to shareholders' equity. Preference Share Capital F 1,000,000 Preference Share Premium 120,000 Ordinary Share Capital 3,000,000 Ordinary Share Capital in Excess of Stated 4,500,000 Value 10,000 preference shares were issued in exchange for equipment having a fair value of F 550,000. The remaining preference shares were issued for cash. All ordinary shores were issued for cash. Required: Compute for the following: aj Number of preference shares issued for cash b] Price per share of preference share capital issued for cash () Number of ordinary shares issued dj Average price per share of the ordinary share capital issued for cash e) Total preference share premium arising from issuance in exchange for equipment