6. The trial balance of Diamante Corporation as of Dec. 31, 2018, contained the following selected balances: a. 17% Notes Payable, due May 1, 2020 b. Allowance for Uncollectible Accounts P4 000 000 60...


6. The trial balance of Diamante Corporation as of Dec. 31, 2018, contained the<br>following selected balances:<br>a. 17% Notes Payable, due May 1, 2020<br>b. Allowance for Uncollectible Accounts<br>P4 000 000<br>60 000<br>c. Ordinary Shares, no-par, P20 stated value;<br>300 000 shares<br>6 000 000<br>d. Retained Earnings-Unappropriated<br>e. Cash Dividends, Payable (declared Dec.<br>15 on preference<br>f. Appropriation for Pending Litigation<br>500 000<br>14 000<br>600 000<br>g. 6% Preference Shares, P200 par,<br>3 000 shares authorized, issued<br>and outstanding<br>h. Donated Capital<br>i. Share Premium-Preference<br>600 000<br>400 000<br>10 000<br>Required: Present the shareholders' equity section of the statement of financial<br>position as of Dec. 31, 2018.<br>

Extracted text: 6. The trial balance of Diamante Corporation as of Dec. 31, 2018, contained the following selected balances: a. 17% Notes Payable, due May 1, 2020 b. Allowance for Uncollectible Accounts P4 000 000 60 000 c. Ordinary Shares, no-par, P20 stated value; 300 000 shares 6 000 000 d. Retained Earnings-Unappropriated e. Cash Dividends, Payable (declared Dec. 15 on preference f. Appropriation for Pending Litigation 500 000 14 000 600 000 g. 6% Preference Shares, P200 par, 3 000 shares authorized, issued and outstanding h. Donated Capital i. Share Premium-Preference 600 000 400 000 10 000 Required: Present the shareholders' equity section of the statement of financial position as of Dec. 31, 2018.

Jun 09, 2022
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