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XYZ Corporation was incorporated with an authorized issue of 1,000, 6% preference shares, par value...

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Accounting

XYZ Corporation was incorporated with an authorized issue of 1,000, 6% preference shares, par value P100 each and 10,000, P10 par ordinary shares.

Following are the selected transactions of XYZ for the month of January 2016

Subscription at par:

Robert Cruz 1,000 ordinary shares

Jessica Reyes 200 preferred shares

Grace Sanchez 3,000 ordinary shares

Required:

What is the Journal Entries of the said transaction?

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