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ABSC SAOG had the following transactions related to its common stock ( OMR1 par value ) during the year ended December 31 , 2018. Prepare

ABSC SAOG had the following transactions related to its common stock ( OMR1 par value ) during the year ended December 31 , 2018. Prepare the journal entries using the cost method . April 1 : Purchased 2,000 shares for OMR10 per share . June 1 : Sold 1,000 shares of treasury stock at OMR11 per share . August 1 : Sold an additional 400 shares of treasury stock at OMR 9 per share .

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