Issued 100, 000, P 100 par ordinary shares for P 18,000,000. One share of P...
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Accounting
Issued 100, 000, P 100 par ordinary shares for P 18,000,000. One share of P 500 par preference was issued with
every 20 ordinary shares. The market price per ordinary share was P 120 and per preference share was P 800.
required:
journal entry to record the transaction
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