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What is the total share capital? 5. What is the retained earnings balance at the end of the year? 6. What is the total shareholders' equity?

What is the total share capital? 5. What is the retained earnings balance at the end of the year? 6. What is the total shareholders' equity?

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter3: Review Of A Company's Accounting System
Section: Chapter Questions
Problem 7E: Basic Income Statement The following are selected account balances of Rule Corporation at the end of...
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4. What is the total share capital? 5. What is the retained earnings balance at the end of the year? 6. What is the total shareholders' equity?
e. Cash Dividends [RE] f. Cash Dividends Payable Cash Income Summary Cash Dividends Payable Retained Earnings h. Retained Earnings Cash Dividends payable $7,500.00 P7,500.00 P40,000.00 $7,500.00 $7,500.00 $7,500.00 P40,000.00 $7,500.00
Transcribed Image Text:e. Cash Dividends [RE] f. Cash Dividends Payable Cash Income Summary Cash Dividends Payable Retained Earnings h. Retained Earnings Cash Dividends payable $7,500.00 P7,500.00 P40,000.00 $7,500.00 $7,500.00 $7,500.00 P40,000.00 $7,500.00
Shareholders' Equity Transactions R. Carpio Products, Inc. was formed at the beginning of the year. Ordinary share has a P25 par value. The following entries affected the shareholders' equity during its first year's operations: a. Cash Ordinary Shares Share Premium-Ordinary b. Organization Expense Ordinary Shares Share Premium-Ordinary Cash Office Equipment Building Accounts Payable Ordinary Shares Share Premium-Ordinary P160,000.00 #77,500.00 P29,000.00 P10,750.00 P30,000.00 P125,000.00 P35,000.00 P,500.00 P15,000.00 P29,750.00 P25,000.00 P15,000.00
Transcribed Image Text:Shareholders' Equity Transactions R. Carpio Products, Inc. was formed at the beginning of the year. Ordinary share has a P25 par value. The following entries affected the shareholders' equity during its first year's operations: a. Cash Ordinary Shares Share Premium-Ordinary b. Organization Expense Ordinary Shares Share Premium-Ordinary Cash Office Equipment Building Accounts Payable Ordinary Shares Share Premium-Ordinary P160,000.00 #77,500.00 P29,000.00 P10,750.00 P30,000.00 P125,000.00 P35,000.00 P,500.00 P15,000.00 P29,750.00 P25,000.00 P15,000.00
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