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  3. 3. on january 1, 20x1, the statement of financial

3. On January 1, 20x1, the statement of financial position of LABILE ADAPTABLE Co. shows...

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Accounting

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3. On January 1, 20x1, the statement of financial position of LABILE ADAPTABLE Co. shows the following information: Share capital (authorized 20,000 shares with par value of 1,600,000 P100) Share premium 320,000 Retained earnings 1,080,000 Total shareholders' equity 3,000,000 On July 1, 20x1, LABILE reacquires 1,000 shares at P90. Requirements: Provide the entry on July 1, 20x1 and in each of the following independent scenarios: a. On September 1, 20x1, LABILE reissues the 1,000 treasury shares at P90. b. On September 1, 20x1, LABILE reissues the 1,000 treasury shares at P140. c. On September 1, 20x1, LABILE reissues the 1,000 treasury shares at P60

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