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sury Share Transactions and Presentation) Clemson SE had the full P15.2 (L02,4) (Treasury Share equity as of January 1, 2019. Share capitalordinary, 5 par value,
sury Share Transactions and Presentation) Clemson SE had the full P15.2 (L02,4) (Treasury Share equity as of January 1, 2019. Share capitalordinary, 5 par value, 20,000 shares issued 100,000 Share premium-ordinary 300,000 Retained earnings 320,000 Total equity 720,000 During 2019, the following transactions occurred. Feb. Clemson repurchased 2,000 treasury shares at a price of 19 per share. Mar. 1 800 shares of treasury shares repurchased above were reissued at 17 per share. Mar. 18 500 shares of treasury shares repurchased above were reissued at 14 per share. Apr. 22 600 shares of treasury shares repurchased above were reissued at 20 per share. Instructions a. Prepare the journal entries to record the treasury share transactions in 2019, assuming Clemson uses the cost method. b. Prepare the equity section of the statement of financial position as of April 30, 2019. Net income for the first 4 months of 2019 was 130,000
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