In 2024, BNT Company i ssued 50,000 shares of P10 par value for P100 per share. In

2025, the entity reacquired 2,000 shares at P150 per share and i mmediately canceled

these 2,000 shares.

1.) In connection with the retirement of shares, what amount should be debited to share

capital?

2.) In connection with the retirement of shares, what amount should be debited to share

premium?

3.) In connection with the retirement of shares, what amount should be credited to

retained earnings?