The Trial balance of T. Cayanan Corporation as of Dec. 31, 2021, contained the following selected balances: 15% Mortgage Payable, due May 1, 2022 Allowance for Uncollectible Accounts P5,000,000 50,000...


The Trial balance of T. Cayanan Corporation as of Dec. 31, 2021, contained the following selected balances:<br>15% Mortgage Payable, due May 1, 2022<br>Allowance for Uncollectible Accounts<br>P5,000,000<br>50,000<br>8,000,000<br>Ordinary Shares, no-par, P20 stated value; 300,000 shares<br>authorized, issued, and outstanding<br>Retained Earnings-Unappropriated<br>Appropriation for Pending Litigation<br>6% Preference Shares, P200 par, 3,000 shares authorized,<br>1,000,000<br>600,000<br>500,000<br>issued and outstanding<br>Donated Capital<br>Share Premium-Ordinary<br>400,000<br>10,000<br>Required:<br>Present the shareholders' equity section of the statement of financial position as of Dec. 31, 2021.<br>

Extracted text: The Trial balance of T. Cayanan Corporation as of Dec. 31, 2021, contained the following selected balances: 15% Mortgage Payable, due May 1, 2022 Allowance for Uncollectible Accounts P5,000,000 50,000 8,000,000 Ordinary Shares, no-par, P20 stated value; 300,000 shares authorized, issued, and outstanding Retained Earnings-Unappropriated Appropriation for Pending Litigation 6% Preference Shares, P200 par, 3,000 shares authorized, 1,000,000 600,000 500,000 issued and outstanding Donated Capital Share Premium-Ordinary 400,000 10,000 Required: Present the shareholders' equity section of the statement of financial position as of Dec. 31, 2021.

Jun 11, 2022
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