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As on May 1, 2019 the stockholders equity section of Malad LLC is as follows: 200,000 shares of OMR 10 par value common stock outstanding.(issued
As on May 1, 2019 the stockholders equity section of Malad LLC is as follows: 200,000 shares of OMR 10 par value common stock outstanding.(issued at par) OMR 400,000 Retained earnings. On June 1, 2019, Malad LLC buys 10,000 shares of its stock at OMR 18 each share. You are required to: Provide necessary journal entries for the above mentioned situation.
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