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What amount will be debited to the account share premium

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Reference no: EM132829264

Bangkok Company provided the following data:

Ordinary Share Capital, P10,000 shares, P100 par P1,000,000

Share Premium - Original Issuance 200,000

Share Premium - Treasury Shares 20,000

Retained Earnings 500,000

Treasury Shares, 2,000 shares at cost 300,000

Problem 1: Subsequently, the treasury shares are reissued at P100 per share. What amount will be debited to the account Share Premium - Original Issuance as a result of the reissuance of the treasury shares?

Reference no: EM132829264

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