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What accounts and amounts should diko credit

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Question - In 2022, Diko Corporation issued 6,000 shares of P100 par value ordinary shares at P150 per share. In addition, Diko issued 2,000 shares in exchange for legal services rendered by the lawyer amounting to P 230,000. What accounts and amounts should Diko credit in 2021 to record the issuance of the 8,000 shares?

a. Share Premium, P330,000; Share Capital, P800,000; Retained Earnings,P230,000.

b. Share Premium, P300,000; Share Capital, P1,130,000; Retained Earnings, P0.

c. Share Premium, P520,000; Share Capital, P520,000; Retained Earnings, P0.

d. Share Premium,P330,000; Share Capital, P800,000;Retained Earnings, (P230,000).

Reference no: EM133182315

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