the entry to record issuance of full shares as a result of the exercise of the fractional share warrants includes

The entry to record issuance of full shares as a result of the exercise of the fractional share warrants includes The shareholders' equity section of PapasaAko Company on December 31, 2020 appear as follows: Ordinary share P50 par 100,000 shares issued and outstanding P5,000,000 Share premium on ordinary shares 1,000,000 Accumulated profits 10,000,000 On December 31, 2020, the company declared 30% share dividends to the shareholders of record on January 15, 2021 payable on January 31, 2021. Assume that of the share dividends declared, 27,000 shares relate to full shares issued while 3,000 relate to the fractional shares issued. Also assume that 2,800 of the fractional shares were exercised at par while the rests were not exercised. O debit to share capital O credit to share capital debit to share premium- unexercised warrants O credit to fractional warrants outstanding