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What amount should be charges to retained earnings account

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Reference no: EM132888794

The following capital accounts are shown in the SOFP of Bick Corporation:

Ordinary Share Capital, P100 par, 1,000 shares - P100,000

Share Premium - Ordinary Share - 2,000

Paid in Capital from Treasury Shares - 3,000

Retained Earnings - 75,000

Treasury Shares, 200 shares at cost - 25,000

Problem 1: What amount, if any should be charges to retained earnings account upon sale of the 200 treasury shares?

Reference no: EM132888794

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