Problem 2 A partial list of the accounts and ending account balances taken from the post-closing trial balance of ALPHA Corporation on December 31, 2019 is shown as follows: Account Amount Accumulated...





Problem 2

A partial list of the accounts and ending account balances taken from the post-closing trial balance of

ALPHA Corporation on December 31, 2019 is shown as follows:

Account Amount

Accumulated Profits-unappropriated 410,000

Bonds Payable 220,000

Ordinary shares subscribed 50,000

Long term investments in equity securities 210,000

APIC on ordinary shares 460,000

Premium on bonds payable 30,000





Authorized ordinary at P10 par value

Preference shares subscribed

900,000

45,000

APIC on preference shares 112,000

Authorized preference shares at P50 par value 400,000

Gain on sale of treasury shares 4,000

Unrealized increase in value of securities

available for sale

3,000

Ordinary share warrants outstanding 20,000

Unissued ordinary shares 500,000

Unissued preference shares 100,000

Cash dividends payable-preference 50,000

Donated Capital 25,000

Reserve for bond sinking fund 220,000

Reserve for depreciation 150,000

Revaluation increment in properties 100,000

Subscription receivable-preference (long term) 15,000

Subscription receivable-common (long term) 20,000

Compute:

A B C D

6. Ordinary shares issued 950,000 900,000 450,000 400,000

7. Preference shares issued 445,000 400,000 345,000 300,000

8. APIC 592,000 596,000 621,000 651,000

9. Total contributed capital

1,332,00

0

1,352,00

0

1,377,00

0

1,381,00

0

10. Total legal capital

1,395,00

0

1,300,00

0 795,000 700,000

11. Total shareholders'

equity

2,744,00

0

2,244,00

0

2,114,00

0

2,144,00

0




Jun 10, 2022
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