Question
John Corp's shareholder equity section as of January 1, 2015 showed: 100,000 ordinary share capital, no par of which 90,000 shares were issued P1,100,000 Retained
John Corp's shareholder equity section as of January 1, 2015 showed:
100,000 ordinary share capital, no par of which
90,000 shares were issued P1,100,000
Retained Earnings 500,000
Direction: Journalize the following transactions:
a. 5000 shares were reacquired and retired at P15 on July 1 2015
b. 4,000 shares were reacquired and retired at P8.50 on December 31, 2015
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Management And Cost Accounting
Authors: Mike Tayles, Colin Drury
11th Edition
147377361X, 978-1473773615
