Problem 1 ABC Corp, was organized on January 1, 2023 with authorized capital of 100,000 ordinary shares, P20 par value. During 2023, ABC Corp. had the following transactions affecting the shareholders' equity Jan. 10 Issued 25,000 shares at P22 per share. Mar. 25 Issued 1,000 shares for legal service when the fair value was P24 per share. May 1 Subscribed 5,000 shares for P23 per shares May 25 Paid half of the subscribe shares Sept. 30 Issued 5,000 shares for an equipment when the value of the equipment is 250,000 and the share fair value was P26 per share. Oct 1 Purchase 5,000 ordinary share for P25 pesos Oct 25 Reissued 3,000 of the treasury shares for P26. Requirement Journalize the transaction: