STOCKHOLDERS' E for Share Capital: Memorandum vs. Journal Entry Method Problem 1 Authorized capitulization AIRNOTES a. on 1 January 20x1, AIR Co. received authorization to issue share capital of divided into 10,000 shares with par value of PIOO Subscription b. Of the total authorized share capital, 25% was subscribed at par value and 25% of the total subscription was paid at subscription date Collection Of subscription receivable