1. Donnelly Corporation is authorized to issue 1,000,000 ordinary ...

February 10
Equipment .......................................................................................... 150,000
Share Capital–Ordinary .............................................................. 60,000
Share Premium–Ordinary .......................................................... 90,000
(To record issuance of shares for equipment)
3
The following items were shown on the statement of financial position of Herman
Corporation on December 31, 2011:
Equity
Share Capital–Ordinary, €5 par value, 360,000 shares
authorized; ______ shares issued and ______ outstanding .............................. €1,550,000
Share Premium–Ordinary.................................................................................. 165,000
Retained Earnings............................................................................................. 750,000
Less: Treasury Shares (18,000 shares)........................................................... (180,000)
Total Equity............................................................................................ €2,285,000