The shareholders equity section of Aquarius Inc. reported the following Ordinary Shares, 50,000 shares outstanding, P100 par P5,000,000.00
Share premium 500,000
Accumulated profits 1,500,000.00

The following subsequent transactions occurred:
a. Aquarius Inc. purchased from the market its own 10,000 shares per share.
b. After transaction (a), 5,000 shares of its treasury shares were P125 per share.

Requirements:
1.Journal entries of the subsequent transactions
2.Compute the total equity section after the above transactions assuming that there are no other transactions affecting the shareholders equity.
3.Compute the outstanding shares after the above transactions.

anyone below or above ambitious can tell you. so crowns mean brainliest. getting brainliest means your answer needs a good explanation and the person asking the question can understand your answer easily. so say there's a multiple choice question. you don't just want to say your answer is a, hope it . provide evidence and reasoning so that they know that that is the correct answer. a good explanation should have evidence, good reasoning, and your opinion on why you picked that. you don't want to look up their question on the internet and see if you can answer it. pick questions that you 100% know the answer to, so than that way you can provide a better explanation.

best of luck,

the divergent