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Ro Corporation's articles authorized the issuance of 100,000 ordinary shares. Roa sold the following ordinary shares during 2019. NAME SECTION: SCORE: PROFESSOR: Problem #1 Shares
Ro Corporation's articles authorized the issuance of 100,000 ordinary shares. Roa sold the following ordinary shares during 2019. NAME SECTION: SCORE: PROFESSOR: Problem #1 Shares Issuance for Cash Feb. 12 July 10 Nov. 5 Sold 1,000 shares for P100,000. Sold 5,000 shares for P630,000 Sold 7,500 shares for P1,050,000. Required: Prepare journal entries to record each issuance, assuming that: I the ordinary shares has a P100 par value. 2 the ordinary shares has a P10 stated value. 3. the ordinary shares has no-par or stated value
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