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Ordinary share capital P100 par. 50.000 shares Share Premium P5.000.000 500,000 2,500,000 Retained Eamings Case 1. All the 50,000 shares are caled in for cancelation. Instead. 50.000 no-par shares with stated value of P50 are issued. Case 2. All the 50.000 shares are caled in for cancelation. Instead, 50,000 no par shares with stated value of P150 por share are issued. Case 3. The par value of P100 is reduced to P80 per share. 24. In Case 1, the entry for the change from par to no-par would include: A. Debit Ordinary Share Capital of 5.000,.000 B. Debit to Share Premium of 3,000,000 C. Debit to Retained Eamings of 2.000.000 D. Credit Share Premium- Recapitalization 1.000.000 25. In case 2, the entry for the change from par to no par would inc de: A. Debit Ordinary Share Capital of 5,000,000 B. Debit to Share Premium of 3.000,000 C. Debil lo Retained Earnings of 2.000,000 D. Credit Share Premium- Recapitalization 1,000.000 26. In Case 3, the entry to reduce the par value would include: A. Debit Ordinary Share Capital ot 5,000,000 B. Debit to Share Premium of 3,000,000 C. Debit to Retained Earnings of 2.000,000 D. Credit Share Premium- Recapitalization 1,000,000 Ordinary share capital, no-par P100 stated value, 50,000 shares P5000.000 Retained Earnings Case 1. All the 50.000 shares are called in for cancellation. Instead. 50.000 shares of P50 par value are issued. Case 2. All the 50,000 shares are colled in for cancelation. Instead. 50,000 shares of P150 par value are issued 2.500.000 27. In Case 1, the entry for the change from no par to par would include: A. Debit to Ordinary Share Capital for P5.000,000 B. Credit to Ordinary Share Capital for P250,000 C. Debit to Share Premium-recapitoization for P5.000.000 D. Credit to Share Premium-recapialization for P1,000,000 28. In Case 2. the entry for the change from no par to par would include: A. Debit to Ordinary Share Capital for P5.000.000 8. Credit to Ordinary Share Capital for P250,000 C. Debit to Share Premium-recapitalization for P5,000.000 D. Credit to Share Premium- recapitalization for P1,000,000

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