Helu Corporation was organized on January 1, with an authorization of 1,000,000 ordinary shares with a par value of P5 per share. During the year, the corporation had the following equity transactions: Jan. 4 - Issued 200,000 shares @ P5 per share. April 8 - Issued 100,000 shares @ P7 per share. June 9 - Issued 30,000 shares @ P10 per share July 29 - Purchased 50,000 shares @ P4 per share. Dec. 31 - Sold 50,000 shares held in treasury @ P8 per share. What should be the total Share Premium as of December 31?

Helu Corporation was organized on January 1, with an authorization of 1,000,000 ordinary shares with a par value of P5 per share. During the year, the corporation had the following equity transactions: Jan. 4 - Issued 200,000 shares @ P5 per share. April 8 - Issued 100,000 shares @ P7 per share. June 9 - Issued 30,000 shares @ P10 per share July 29 - Purchased 50,000 shares @ P4 per share. Dec. 31 - Sold 50,000 shares held in treasury @ P8 per share. What should be the total Share Premium as of December 31?

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

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Chapter14: Corporation Accounting

Section: Chapter Questions

Problem 5PA: Copper Corporation was organized in May. It is authorized to issue 50,000,000 shares of $200 par...

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Jan. 4	- Issued 200,000 shares @ P5 per share.
April 8	- Issued 100,000 shares @ P7 per share.
June 9	- Issued 30,000 shares @ P10 per share
July 29	- Purchased 50,000 shares @ P4 per share.
Dec. 31	- Sold 50,000 shares held in treasury @ P8 per share.