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What amount will be debited to the account share premium

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Reference no: EM132898620

Question - Bangkok Company provided the following data:

Ordinary Share Capital, P10,000 shares, P100 par P1,000,000

Share Premium - Original Issuance 200,000

Share Premium - Treasury Shares 20,000

Retained Earnings 500,000

Treasury Shares, 2,000 shares at cost 300,000

Subsequently, the treasury shares are reissued at P100 per share. What amount will be debited to the account Share Premium - Original Issuance as a result of the reissuance of the treasury shares?

Reference no: EM132898620

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