Memorandum Method:
Shareholders’ Equity:
Share Capital. P20 par, 85,000 share issued P1,700,000
Subscribed Share Capital 100,000
Share Premium 40,000
Total Shareholders’ Equity P1,840,000
Journal Entry Method
Shareholders’ Equity:
Authorized Share Capital P6,000,000
Less: Unissued Share Capital 4,300,000
Issued Share Capital P1,700,000
Subscribed Share Capital 100,000
Share Premium 40,000
Total Shareholders’ Equity P1,840,000
Shareholders’ Equity:
Share Capital. P20 par, 85,000 share issued P1,700,000
Subscribed Share Capital 100,000
Share Premium 40,000
Total Shareholders’ Equity P1,840,000
Journal Entry Method
Shareholders’ Equity:
Authorized Share Capital P6,000,000
Less: Unissued Share Capital 4,300,000
Issued Share Capital P1,700,000
Subscribed Share Capital 100,000
Share Premium 40,000
Total Shareholders’ Equity P1,840,000