Question
Ellison Company's statement of financial position shows: Share capitalordinary, P20 par P3,000,000 Share premiumordinary 1,050,000 Retained earnings 750,000 Instructions Record the following transactions by the
Ellison Company's statement of financial position shows:
Share capitalordinary, P20 par P3,000,000
Share premiumordinary 1,050,000
Retained earnings 750,000
Instructions
Record the following transactions by the cost method.
(a) Bought 5,000 ordinary shares at P29 a share.
| Treasury Shares | ||
| Cash |
(b) Sold 2,500 treasury shares at P30 a share.
| Cash | ||
| Treasury Shares | ||
| Share Premium--Treasury |
(c) Sold 1,000 shares of treasury shares at P26 a share.
| Cash | ||
| Share Premium--Treasury | ||
| Retained Earnings | ||
| Treasury Shares |
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Environmental Audit A Compendium For Nicaragua
Authors: Amarus Aurelio Urbina
1st Edition
6203976547, 978-6203976540
