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  • Far Exercise 8

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    alonalonjbhielyn
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    This document shows accounting transactions for treasury shares and share premium accounts over multiple dates. In March, the company acquired treasury shares worth ₱195,000 by debiting cash. In June, cash of ₱126,000 was credited which was allocated between the treasury premium and share premium accounts. In October, treasury shares worth ₱39,000 were sold for cash and a share premium. Additional transactions allocated share premiums between ordinary shares and treasury shares.

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    FAR EXERCISE 8

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    This document shows accounting transactions for treasury shares and share premium accounts over multiple dates. In March, the company acquired treasury shares worth ₱195,000 by debiting cash. In June, cash of ₱126,000 was credited which was allocated between the treasury premium and share premium accounts. In October, treasury shares worth ₱39,000 were sold for cash and a share premium. Additional transactions allocated share premiums between ordinary shares and treasury shares.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    5 views1 page

    Far Exercise 8

    Uploaded by

    alonalonjbhielyn
    This document shows accounting transactions for treasury shares and share premium accounts over multiple dates. In March, the company acquired treasury shares worth ₱195,000 by debiting cash. In June, cash of ₱126,000 was credited which was allocated between the treasury premium and share premium accounts. In October, treasury shares worth ₱39,000 were sold for cash and a share premium. Additional transactions allocated share premiums between ordinary shares and treasury shares.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    DATE Account titles DEBIT CREDIT

    MARCH 10 Treasury Shares ₱ 195,000.00


    CASH ₱ 195,000.00

    JUNE 19 CASH ₱ 126,000.00


    Treasury premium ₱ 117,000.00
    Share premium ₱ 9,000.00

    OCTOBER 2 CASH ₱ 38,000.00


    Share premium ₱ 1,000.00
    Treasury shares ₱ 39,000.00

    OCTOBER 15 Ordinary share Capital ₱ 20,000.00


    Share premium OS ₱ 16,000.00
    Share premium Treasury ₱ 3,000.00
    Treasury shares ₱ 39,000.00

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