1) On 2019 March 28, Alt Corp reacquired 300 shares of its outstanding common stock for OMR 65 each. The company reissued 140 shares worth OMR 68 each on May 28, 2019. What will be the journal entry the company reacquired shares on 2019 March 28?

2) Nizwa Mills Company is having 6,000 stocks of 12.5 %, OMR10 par value, non-cumulative, Irredeemable preferred stock outstanding as on 1st Jan 2017. The company at the end of the year had excess profits and decided to announce dividends for preferred stock which was finally paid on 10th Jan. 2028. what will be the journal entry for payment of preference dividend on the date of payment?

3) A company was formed on 1 March 2019 with an authorized capital of OMR 5,000,000 divided into common stock of OMR 0.500 each. If the shares are issued at par, what will be the journal entry?