SHOW THE JOURNAL ENTRY OF A AND B! Your inquiries and investigation revealed the following transactions, which occurred in 2019: a. On January 15, the company reacquired 20, 000 ordinary shares (from the 2018 issue) at P22 per share and reverted them to treasury since it intends to reissue the same. b. On February 11, the company reissued 4,000 treasury shares at P28 per share. c. On March 5, the company reissued 6,000 treasury shares at P19 per share. d. On April 1, the company retired 5,000 treasury shares. e. On May 12, 20,000 preference shares were converted to ordinary shares. f. On June 9, 15,000 shares were subscribed for a total amount of P175,000 g. On July 4, a 2 for 1 share split was affected for the ordinary share. h. On August 8, the company reissued 3,000 treasury shares at P8 per share. i. The company issued 4,000 ordinary shares for P11 per share. j. The company registered an adjustments net income in 2019 at P830,000. SHOW THE JOURNAL ENTRY OF A AND B!
SHOW THE
Your inquiries and investigation revealed the following transactions, which occurred in 2019:
a. On January 15, the company reacquired 20, 000 ordinary shares (from the 2018 issue) at P22 per share and reverted them to treasury since it intends to reissue the same.
b. On February 11, the company reissued 4,000 treasury shares at P28 per share.
c. On March 5, the company reissued 6,000 treasury shares at P19 per share.
d. On April 1, the company retired 5,000 treasury shares.
e. On May 12, 20,000
h. On August 8, the company reissued 3,000 treasury shares at P8 per share.
i. The company issued 4,000 ordinary shares for P11 per share.
j. The company registered an adjustments net income in 2019 at P830,000.
SHOW THE JOURNAL ENTRY OF A AND B!
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