\begin{tabular}{ll} Cess Company provided the following accounts at year-end: & \\ Preference share capital authorized,...

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image \begin{tabular}{ll} Cess Company provided the following accounts at year-end: & \\ Preference share capital authorized, P100 par & 5,000,000 \\ Ordinary share capital authorized, P10 par & 2,000,000 \\ Unissued preference share capital & 1,800,000 \\ Unissued ordinary share capital & 1,000,000 \\ Subscriptions receivable, ordinary & 180,000 \\ Subscriptions receivable, preference & 190,000 \\ Preference share capital subscribed & 300,000 \\ Ordinary share capital subscribed & 220,000 \\ Treasury preference shares (700 shares at cost) & 680,000 \\ Share premium & 850,000 \\ Retained earnings & 2,000,000 \end{tabular} \begin{tabular}{ll} Cess Company provided the following accounts at year-end: & \\ Preference share capital authorized, P100 par & 5,000,000 \\ Ordinary share capital authorized, P10 par & 2,000,000 \\ Unissued preference share capital & 1,800,000 \\ Unissued ordinary share capital & 1,000,000 \\ Subscriptions receivable, ordinary & 180,000 \\ Subscriptions receivable, preference & 190,000 \\ Preference share capital subscribed & 300,000 \\ Ordinary share capital subscribed & 220,000 \\ Treasury preference shares (700 shares at cost) & 680,000 \\ Share premium & 850,000 \\ Retained earnings & 2,000,000 \end{tabular}

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