Accountancy

Memorandum Method:

(a)

Cash (P6,000,000 x 25%) 375,000

Subscriptions Receivable (P1,500,000 x 75%) 1,125,000

Subscribed Share Capital (300,000 x P20 x 25%) 1,500,000



(b)

Cash (10,0000 x P22) 220,000

Share Capital (10,000 x P20) 200,000

Share Premium 20,000



(c)

Cash (5,000 x P24 x 30%) 36,000

Subscriptions Receivable (P5,000 x P24 x 70%) 84,000

Subscribed Shared Capital (5,000 xP20) 100,000

Share Premium 20,000



(d)

Cash 1,125,000

Subscriptions Receivable 1,125,000



Subscribed Share Capital 1,500,000

Share Capital 1,500,000