X collected in full the balance of subscription receivable of P187.500 for the total subscription of 10,000 P25 par common stocks. The journal entry to record the issuance of certificates under journal entry method will require a a. debit to subscribed capital of P187,500. b. debit to subscribed capital of P 200,000, C. credit to unissued stock of P 250,000. d. credit to capital stock of P187.500.

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 10MC: A company issued 40 shares of $1 par value common stock for $5,000. The journal entry to record the...
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X collected in full the balance of subscription receivable of P187.500 for the total subscription of 10,000 P25 par common stocks. The journal entry to record the issuance of certificates under journal entry method will require a

a. debit to subscribed capital of P187,500.

b. debit to subscribed capital of P 200,000,

C. credit to unissued stock of P 250,000.

d. credit to capital stock of P187.500.

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