Question
The AND Corporation is authorized to issue 150,000 ordinary shares, P17 par value. At the beginning of 2020, 27,000 ordinary shares were issued and outstanding.
The AND Corporation is authorized to issue 150,000 ordinary shares, P17 par value. At the beginning of 2020, 27,000 ordinary shares were issued and outstanding. These shares had been issued at P24. During 2020, the company entered into the following transactions:
Jan. 16 - Issued 1,950 ordinary shares at P25 per share.
Mar. 21 - Exchanged 18,000 ordinary shares for a building. The ordinary shares were selling at P27 per share.
May 7 - Reacquired 750 ordinary shares at P26 per share to be held in treasury.
July 1 - Accepted subscriptions to 1,500 ordinary shares at P28 per share. The contract called for 10% down payment with the balance due on December 1.
Sept. 20 - Sold 750 treasury shares at P29 per share.
Dec. 1 - Collected the balance due on July 1 subscriptions and issued the shares.
Total contributed capital for December 31, 2020 is?
Please answer immediately.
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