Reference no: EM132929823
Green corp was organized on jan 2, 2021 with 50,000 authorized shares of P5 par ordinary shares. During 2021, the entity had the following transactions:
January 14 - issued 20,000 shares at P11 per share
July 28 - repurchased 5,000 shares at P16 per share
December 5 - reissued the 5,000 shares held in treasury for P19 per share
Question 1: The entry to record the reissuance of 5,000 treasury shares on December 5, 2021 would include a credit to?
Question 2: how much is recorded for treasury stock on july 18, 2021?
Question 3: how much spare minimum is recorder by green corp on JAn 14?
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