Reference no: EM132594454
Question - The following is a list of selected account balances taken from December 31, 2020 general ledger of Marcelo Corporation:
Accounts Payable P 1,400,000
Accounts Receivable 2,357,000
Ordinary Share Capital 1,260,000
Share Premium-Ordinary Share 1,087,750
Share Premium-Preference Share 92,100
Preference Share Capital 500,000
Subscribed Preference Share 140,000
Retained Earnings 191,950
Subscription Receivable-Preference Share 105,000
Required -
1. What is the total contributed capital for Marcelo Corporation at December 31, 2020?
2. What is the total shareholder's equity of Marcelo Corporation as of December 31, 2020?
3. Prepare the shareholder's equity section of Marcelo Corporation as of December 31, 2020.
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