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Sorima Corporation #1 # 2-JanCash 2,400, Ordinary share capital 1,000, Share premium-OSC 1,400, 3-JanBuilding 820, Merchandise Inventory 380, Ordinary share capital 500, Share premium-OSC 700, 4-JanOrganization expense 10, Cash 10, 5-JanCash 1,320, Preference share capital 1,200, Share premium-PSC 1...

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#1

Sorima Corporation Journal Entries

#2

2-Jan Cash Ordinary share capital Share premium-OSC

2,400,000

3-Jan Building Merchandise Inventory Ordinary share capital Share premium-OSC

820,000 380,000

4-Jan Organization expense Cash

1,000,000 1,400,000

500,000 700,000 10,000 10,000

5-Jan Cash Preference share capital Share premium-PSC

1,320,000

4-Jun Cash Ordinary share capital

1,500,000

Share premium-OSC

1,200,000 120,000

500,000 1,000,000

Sorima Corporation Shareholder's Equity Dec 31,2017 Share Capital Ordinary Share Capital Preference Share Capital Share Premium Share Premium-OSC Share Premium-PSC Total Shareholder's Equity

1,500,000 1,200,000 2,100,000 120,000

Sorima Corporation Shareholder's Equity Dec 31,2018 Share Capital Ordinary Share Capital Share Premium Share Premium-OSC Total Shareholder's Equity

500,000 1,000,000 1,500,000

2,700,000

2,220,000 4,920,000

#3

Dividend per share of PSC Dividend per year of PSC

Year 2017 2018 Total

10 1,000,000 Allocation of Dividends Cumulative Dividends in Preference Share Arrears Ordinary Share 50,000 950,000 300,000 700,000 350,000 1,650,000 -

#4 a.

b.

Sorima Corporation Journal Entries 2-Jan Cash 2,400,000 Ordinary share capital

2,400,000

2-Jan Cash 2,400,000 Ordinary share capital Share premium -PSC

2,000,000 400,000...