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(6) (a) Rakish Co. purchases 4000 shares of the company's $6 par common stock for $11/share. Journalize the transaction. (b) Rakish Co. purchases 4000 shares

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(6) (a) Rakish Co. purchases 4000 shares of the company's $6 par common stock for $11/share. Journalize the transaction. (b) Rakish Co. purchases 4000 shares of the company's $6 par value common stock for $11 per share. It later sells 2,000 shares for $16 per share. Please provide the journal entry for the sale of the treasury stock. (c) Rakish Co. purchases 4000 shares of the company's $6 par value common stock for $11 per share. It sells 2,000 shares for $16 per share. Then it sells 1500 shares for $7. Please provide the journal entry for the sale of 1500 shares of treasure stock

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