please help me with this problem 2,3,4 please please please
PROBLEM 2. Accounting for share capital Far East Corporation, a newly registered corporation had the following transactions during the year: a) On January 2, Philippine SEC authorized the entity to issue 500,000 shares with par value of ten peso per share. b) The entity received subscription to 150,000 shares at par. c) The entity collected 30% on the above subscription. d) Received full payment for 90,000 shares originally subscribed. e) The entity then issued the share certificates for 90,000 shares which were fully paid. Received a cash subscription for 6,000 shares at par. REQUIRED: 1. Journalize the transactions above using: a. Memorandum entry method D. Journal entry method 2. Present the shareholder's equity portion to be shown on the entity's statement of financial position under a. Memorandum entry method b. Journal entry method PROBLEM 3. Issuance of share capital for cash 1. With Par value Avalanche Corporation sold 20,000 ordinary shares of P100 par value for P130 per share. 2. Without Par value Vague Company sold 40,000 ordinary shares with stated value of P80 for P120 each. ACT1102 REQUIRED: Prepare journal entries based on above transactions. (From this moment, use memorandum method if the problem is silent) PROBLEM 4. Issuance of shares for noncash consideration Prepare the journal entries for the following independent situations: a Algeria Corp. issued 15,000 ordinary shares of P100 par value in exchange of for land and building with total fair value of P2,000,000 of which 25% is attributable to the land. b. Nortek Corporation exchanged 25,000 shares of its P100 par value share for a land. A few months ago, the land was appraised by an independent appraiser at P4,000,000. Nortek is currently trading at the Philippine Stock Exchange (PSE) at P140 per share. c. Atty. Pao received 1,000 ordinary shares of P100 par value from Secador Corp. after rendering legal services in getting the corporation organized. The fair value of such services is reliably determined to be P125,000. d. Dientes Corp. issued 5,000 shares of its P100 par ordinary share to Atty. Harvey as compensation for 1,200 hours of legal services performed. Atty. Harvey usually bills P500 per hour for legal services. On this date of issuance, the share was selling at a public trading at P140 per share. PhotoGrid