Question
The accounts below appeared in the october, 2010 trial balance of Mix Corporation: Ordinary Shares, P15 par, 20,000 shares authorized, 18,000 shares issued. = 270,000
The accounts below appeared in the october, 2010 trial balance of Mix Corporation:
Ordinary Shares, P15 par, 20,000 shares authorized, 18,000 shares issued. = 270,000
Subscriptions Receivable. = 17,000
Subscribed Ordinary Shares. = 27,000
Retained Earnings. = 200,000
Share Premium. = 95,000
Treasury Stock, 1,000 shares, at cost. = 25,000
Required: From these accounts determine the following:
1. Total authorized ordinary shares.
2. Total unissued ordinary shares.
3. Total issued ordinary shares.
4. Ordinary shares subscribed.
5. Total shareholders' equity.
6. Number of shares issued.
7. Number of shares subscribed.
8. Number of shares in treasury.
9. Number of outstanding shares.
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