Problem 21-18 (AICPA Adapted) y had 125,090 ury . Rona Company originally issued 5,000 shares of P10 par value for P100 per share. During the current year, the entity acquired 2,000 of the shares at P150 per share and g share capital immediately canceled these 2,000 shares. In connection with the retirement of the shares, what amount is debited respectively to share premium and retained ury shares were earnings? re compensation 20,000 and 280,000 100,000 and 180,000 lect. 180,000 and 100,000 280,000 and 0 of its own where These shares ven Problem 21-19 (AICPA Adapted) Berna Company reported the following equity accounts at the beginning of current year: nding at year-end! Share capital, P20 par 8,000,000 Share premium 2,550,000 Retained earnings 1,275,000 All shares outstanding at the beginning of current year were issued for P26 a share. At year-end, the entity reacquired 20,000 shares at P24 a share and retired them. What is the balance of the share premium? a 2,430,000 b. 2,470,000 C. 2,510,000 d. 2,590,000 ary shares. Of them at the beginning Problem 21-20 (AICPA Adapted) Vicar Company was organized at the beginning of current year with 100,600 authorized shares of P100 par value. sactions occurred During the current year, the entity issued 75,000 shares at F140 per share. At year-end, the entity purchased 5,000 shares at P110 per share. sold. The par value method is used to record the purchase of sold. the treasury shares. outstanding at yearer What is the balance of the share premium from treasury shares at year-end? 200,000 150,000 50,000 0