1. What is the share capital outstanding at year-end?
2. What is the journal entry to record the above transaction?

4. At year-end, Cariaso Company canceled 5,000 shares of P25 par value held in treasury at an average cost of P130 per share. Before recording the cancelation of the treasury shares, the entity had the following balances: Share capital issued originally at P30 per share P625,000 Share premium 750,000 Retained earnings 900,000 Treasury shares, at cost 650,000