Problem 8-6 (Reconstruction of Transaction) Shown below and on the next page are account balances found in the ledger of Humility Corporation at the end of 2014: Subscription Receivable - Preference...

Extracted text: Problem 8-6 (Reconstruction of Transaction) Shown below and on the next page are account balances found in the ledger of Humility Corporation at the end of 2014: Subscription Receivable - Preference Share Subscription Receivable - Ordinary Share 8% Preference Share Capital, P50 par value, authorized, 80,000 shares Issued Subscribed 360,000 182,000 P 1,440,000 720,000 2,160,000 Ordinary Share Capital, no par, P10 stated value, authorized, 320,000 shares Issued P 1,360,000 280,000 Subscribed 1,640,000 Paid-In Capital in Excess of Par or Stated Value Preference P. 216,000 Ordinary 328,000 544,000 Instructions: Compute for each of the items below. Number of preference shares issued. Number of ordinary shares issued. Number of subscribed preference shares. Number of subscribed ordinary shares. Average price per share received by the corporation on its preference share capital including subscribed shares. Average price per share received by the corporation on its ordinary share capital including subscribed shares. Average amount per share that the subscribers of preference share capital have not yet paid to the corporation. Average amount per share that ordinary share subscribers have already paid on their subscriptions. Assume that ordinary shares were subscribed at P12. 1. 2. 3. 4. 5. 7. 8. 6.