In 2018, Lakers Corporation acquired 3,000 shares of its P 20 par value ordinary share capital at P 72 per share. During 2018, Lakers issued 1,500 of these shares at P 100 per share. What accounts and amounts should Lakers credit in 2018 to record the issuance of the 1,500 shares? Treasury Shares Add’l Paid in Capital Retained Earnings Ordinary Share __________ __________ _________ _________
In 2018, Lakers Corporation acquired 3,000 shares of its P 20 par value ordinary share capital at P 72 per share. During 2018, Lakers issued 1,500 of these shares at P 100 per share. What accounts and amounts should Lakers credit in 2018 to record the issuance of the 1,500 shares? Treasury Shares Add’l Paid in Capital Retained Earnings Ordinary Share __________ __________ _________ _________
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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In 2018, Lakers Corporation acquired 3,000 shares of its P 20 par value ordinary share capital at P 72 per share. During 2018, Lakers issued 1,500 of these shares at P 100 per share. What accounts and amounts should Lakers credit in 2018 to record the issuance of the 1,500 shares?
Treasury Shares Add’l Paid in Capital
__________ __________ _________ _________
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