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Please help me with this problem. Intermediate accounting is the subject. Thankyou. P# 1 WANWAN CORP. is a public enterprise whose shares are traded in

Please help me with this problem. Intermediate accounting is the subject. Thankyou.

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P# 1 WANWAN CORP. is a public enterprise whose shares are traded in the stock market. WANWAN has 200,000 authorized shares of P20 par value ordinary shares and 300,000 authorized shares of P50 par value preference shares. The shareholders' equity accounts at December 31, 2018, had the following balances: Preference share capital 7,500,000 Share premium - PS 750,000 Ordinary share capital 2,400,000 Share premium - 0S 1,200,000 Accumulated profits and losses 1,350,000 Transactions during 2019 and other information relating to the shareholders' equity accounts were as follows: Jan. 04 Issued 10,000 ordinary shares at P35 per share. Feb. 14 An entity issued 10,000 redeemable preference shares at par value. Feb. 20 WANWAN issued 5,000 preference shares with 1,000 detachable warrants for a total price of P350,000. Each warrant entitles the holder to purchase one ordinary shares at P25 per share. Immediately after the issuance of the share, the warrants are selling P50 per warrant and the market value of the preference shares without warrants is P70. Mar. 20 Of the December 31, 2018 preference shares, 10,000 preference shares are callable and are called in for payment on this date at P60. Apr. 05 75% of the detachable warrants on preference shares are exercised. Jun. 12 WANWAN reacquired 20,000 ordinary shares for P25. July 01 Stock rights were issued to ordinary shareholders. Ten stock rights plus P30 per share entitle the holder to acquire one additional ordinary share. Aug. 01 The 10,000 redeemable preference shares are redeemed by the issuer for P450,000. Aug. 15 Of the December 31, 2018 preference shares, 15,000 preference shares are convertible and are converted into 30,000 ordinary shares on this date. Aug. 31 10,000 treasury shares were reissued at P20 per share. Sep. 30 Issued 20,000 preference shares together with 30,000 share warrants for P1,500,000. 10 warrants are required to acquire 1 ordinary share at P35 per share. On this date, the market value of ordinary shares is P50 per share. Oct. 01 The company issued 2,000, P1,000 10% bonds with detachable warrants. One warrant is attached to each P1,000 bond. The bonds which pay semi-annual interest every March 31 and September 30 were issued at a total issue price of P3,200,000. On the date of issuance, the bonds were quoted at 110 without warrants while each warrant can be sold in the market at P50. Five warrants surrendered together with P50 exercise price entitle the holder to acquire one ordinary share. Warrants can be exercised 2 years from the date of issuance.Oct. 30 All but, 10,000 stock rights were exercised by the ordinary shareholders. The remaining stock rights expired on this date. Nov. 30 80% of the warrants issued with the bonds were exercised and 70% of the warrants attached to preference shares on Sep. 30 were exercised. Dec. 31 Adjusted net income for the year amounted to P780,000

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