Question
Bangkok Company provided the following data: Ordinary Share Capital, P10,000 shares, P100 par P1,000,000 Share Premium - Original Issuance 200,000 Share Premium - Treasury Shares
Bangkok Company provided the following data:
Ordinary Share Capital, P10,000 shares, P100 par P1,000,000
Share Premium - Original Issuance 200,000
Share Premium - Treasury Shares 20,000
Retained Earnings 500,000
Treasury Shares, 2,000 shares at cost 300,000
Subsequently, the treasury shares are reissued at P100 per share. What amount will be debited to the account Share Premium - Original Issuance as a result of the reissuance of the treasury shares?
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Microsoft Excel For Accounting The First Course
Authors: L Murphy Smith, Katherine Smith
1st Edition
0130085529, 978-0130085528
