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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 the journal entries using

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. December 1: Sold an additional 500 shares of treasury stock at OMR 8 per share.

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