Ministop

On January 1, 2015 CHITABA corporation was Authorized to issued 600,000 preference share of a par value of P60 and 1,00,0000 common share of a par value of P30. The incorporators subscribed to 25% of the preferred shares at par and 25% of the ordinary shares at the stated value. A 50% downpayment was required on each class of stock with the balance due in two equal installment on May 30 and October 30. Additional transaction follow:

Jan 4. Issued 300 common shares at P35 per share
Jan. 10 Subscription 1000 common shares at 40 share and a 50% downpayment were received.
Jan. 23 The company issued 300 preferred shares for legal services related to incorporation. Legal services amounted to 20,000
Feb. 5 Subscriptions made on Jan 10 were collected in full. Certificates of stocks were issued.
Feb. 22 5000 preferred shares were issued at 70 per share.
Feb. 28 1000 common shares were subscribed. Received 10,000 downpayment.
Mar. 5 2000 preference shares were subscribed. 30% downpayment was received.
Mar 16. The company issued 10,000 preferred share for a piece of land having a book value of 500,000. The stock as of this date was quoted at the stock exchange at 55 par.
Mar. 30 Subscriptions made on Feb. 28 were collected in full. Certificates of stock were issued.
April. 3 The company issued 15,000 ordinary share for Equipment having a market value of 450,000. The stock as of this date was quoted at the stock exchange at 33 par.
April 10. Subscription made on Mar 5 were collected in full. Certificates of stock were issued.
April 11. The company issued 7000 common share at stated value.
May. 3 3000 preferred share were subscribed at 63 par value. 100,000 downpayment were received.
May 8 Some shareholders donated 3000 ordinary shares.
May 30 The incorporators paid 50% of their balance
June 12. 900 preferred share was reacquired in exchange for piece of land with a cost price of 40,000 and market value of 50,000
June 15 6000 ordinary shares were reacquired...