Outstanding Shares Beginning Balance Share Capital Bond Issue (SDD) Less: Treasury Shares Donated Shares xx xx xx

(xx) (xx)

Shares Entitled to Dividends Share Capital Share Dividends Distributable Subscribed Share Capial Treasury Shares Donated Shares xx xx xx (xx) (xx)

Shareholders Equity Share Capital Preference Share Ordinary Share Share Dividends Distributable Subscribed Share Capital Subscription Receivable Reserves Share Premium - PS Share Premium - OS Share Premium - Treasury Shares SDD - Premium Donated Stock Accmulated Profits Net Income Appropriated Free Dividends Treasury Shares xx xx xx xx xx

xxx xxx xxx xxx (xx)

xx xx xx (xx) (xx)

Book Value per Share

Shareholder's Equity Number of Outstanding Shares

Basic Earnings per Share

Net Income Number of Outstanding Shares

Incorportaing Entries Subscription Receivable Subscribed Share Capital Cash Subscription Receivable xx xx xx xx

Delinquency Memo Entry Receivable from Highest Bidder Cash Interest Income Cash Subscription Receivable Receivable from Highest Bidder OR Treasury Shares Subscription Receivable Accumulated Profits Appropriated Accumulated Profits xx xx xx xx xx xx xx xx xx xx

At Cost

Treasury Shares/no. of shares Cash Treasury Shares Appropriated Accumulated Profits Accumulated Profits xx xx xx xx

No Par Cash Share Capital Share Premium Donation Cash xx xx par xx (shares*amount) xx excess

Share Premium - Donated Capital

xx

Contributed Capital All share capitals All Share Premium

xx xx

Entries Memo Memo Entry Journal Unissued Share Capital

Incorp Subscription Receivable Subscribed Share Capital Cash Subscription Receivable Issuance Cash Share Capital Land Share Capital Share Premium Organizational Cost Share Capital xx xx xx xx xx xx xx xx xx xx xx

Incorp SAME

Issuance Cash

Land

Organizational Cost

Unissued Share Capital xx Authorized Share Capital

xx

xx Unissued Share Capital xx Unissued Share Capital Share Premium Organizational Cost Unissued Share Capital xx xx xx xx xx

Purchase of Interest from Partners Simple Investment to Partnership Old, Capital Old, Capital New, Capital Total Total Retirement Payment to Retiree A,Loan A,Capital Share in any adjustment Bonus xx (xx) (xx) (xx) xx or (xx) xx xx xx xx*percent of interest by new partner xx

Profit Share Total Salaries, Interests and Bonuses

Freesan Mercado, Monica Puno and Divine Rovero formed MPR Partnership. Their capital b year-end were: Freesan, P90,000; Monica P110,000; and Divine P50,000. They share profit a 4:4:2 ratio, after the following terms:

a. Divine is to receive a bonus of 10% of the net income after bonus. b. Interest of 10% shall be paid on that portion of the partner's capital in excess of P c. Salaries of P10,000 and P12,000 shall be paid to partners Freesan and Divine, re

d MPR Partnership. Their capital balances at Divine P50,000. They share profits and losses in

ncome after bonus. the partner's capital in excess of P100,000. to partners Freesan and Divine, respectively.

Adjusted Capital Cash Investment

Allowance for Bad Debts Capital Capital Inventory Capital Accumulated Depreciation

25000 25000 40000 40000 75000

Share Capital Accounts Payable 150000 90000 150000 90000 135000 90000 63% 3750% allowance 25000 62.5 capital 120000 37.5 capital inventory 0.6 accounts payable 0.4 accumulated dep

5000

25000 40000 5000 75000

75000

5000