PROBLEM 8-1 The following selected accounts were taken from the December 31, 2021 trial balance of Indonesia Corporation Subscribed share capital P1,250,000 Treasury Share, 600 shares at cost 90,000 Unissued share capital 6,000,000 Share premium 180,000 Appropriate for plant expansion 500,000 Retained Earnings 1,200,000 Authorized share capital - 100,000 shares 10,000,000 Subscriptions receivable 320,000 The minutes of meetings of the board of directors reveal that on December 5, 2021 the company's board declared a 10% cash dividend payable to shareholders and subscribers of record on December 20, 2021. The dividends checks are to be distributed on Jan 10, 2022, The company accountants has not recorded this dividend declaration. What is the amount of unrecorded dividends payable? a. P516,000 c. P487,000 b. P519,000 d. P394,000 PROBLEM 8-2 The capital accounts of Bhutan Company on June 30,2021 are as follows: Ordinary Shares, P10 par, 50,000 shares Issued and outstanding P500,000 Share Premium 250,000 Retained Earnings 3,135,000 The company's ordinary shares are selling at this time at P20. What entries would you made in each of the following cases? a. A 10% stock dividends is declared and issued. b. A 30% stock dividends is declared and issued. c. A 4-for-1 stock split is declared and issued. PROBLEM 8-3 Brunei Company has 50,000 shares of P10 par value share capital outstanding. In declaring and distributing a 50% share dividend, Brunei initially issued only 20,000 new shares; the other share dividend shares were not issued because some investors did not own Brunei shares in even multiples of 10. To these shareholders, Brunei issue fractional share warrants.Prepare journal entries necessary to record the following: a. Declaration of the share dividend. b. Issuance of the full and fractional share dividends. c. Issuance of full shares through the surrender of the required fractional warrants ( Assume that 80% of the fractional share warrants were ultimately turned in for shares)