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What is the total Shareholders Equity at Dec

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Question - Sarah Mi Company was organized in Jan 1, 2020 at which date it issued 100,000 ordinary shares Php 10 par value at Php 15 per share. During the period Jan 1, 2020 o Dec 31, 2021, the company reported net income at Php 450,000 and paid cash dividend of Pho 230,000.On Jan 15, 2021, Marah purchased 6,000 treasury shares at Php 12 per share. On Dec 31, 2021.Marah sold 4,000 shares at Php 8 per share and retired the remaining treasury shares. What is the total Shareholders Equity at Dec 31, 2021? Also, make a journal entry.

Reference no: EM132966135

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