The shareholders equity of ANITA Corporation appears as follows: Ordinary Shares, 50,000...
80.2K
Verified Solution
Link Copied!
Question
Accounting
The shareholders equity of ANITA Corporation appears as follows:
Ordinary Shares, 50,000 shares ?100 par ?5,000,000
Share Premium 200,000
Retained Earnings 2,000,000
Treasury Shares, 5,000 were acquired at ?160/share
If the treasury shares were reissued for ?600,000, what will be the correct journal entry?
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.