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What total amount invested by all shareholders as of june

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Reference no: EM132522584

On June 2, 2020, MACV Corporation issued for cash 12,000 shares of no-par ordinary shares with a stated value of P13 per share at P17. On June 17, it issued for cash 800 shares of P110-par 10% preference shares at P112.

Required:

Question 1. Prepare the journal entries for June 2 and June 17.

Question 2. What is the total amount invested by all shareholders as of June 17?

Reference no: EM132522584

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