4.
As of January 1, 20X8, Myeongseong Co., Ltd. has a balance of
10,000,000 won ? 1,000 shares issued * * face value of 10,000 won
per share), a stock issue surcharge of 5,000,000 won, and a
carry-over loss of -8,000,000 won, respectively. On January 2,
20X8, Myungsung Co., Ltd. issued 500 additional shares (face value
of 10,000 won per share) as a source of excess shares. On January
3, 20X8, Myungsung Co., Ltd. decided to reduce 800 shares (face
value of 10,000 won per share) of issued stocks to preserve the
carryover loss of -8,000,000 won. Please provide the accounting
(journal) for capital transactions made on January 2 and January 3,
20X8.