ABC Corporation issued 1,000 shares of Php 20 par value ordinary shares at Php 24 per share. ABC Corporation reacquired 100 shares of its own stock at a cost of Php 30 per share. The entry to record the reacquisition is 

I. Debit Share Premium - Treasury for Php 600 and Treasury Stock for Php 2,400 

II. Debit Treasury Stock for Php 3,000 

III. Credit Cash for Php 3,000 

IV. Credit Share Premium-Treasury for Php 1,000 

a. III and IV are correct 

b. I and IV are correct 

c. II and III are correct 

d. I and II are correct