Fahad Company had the following equity accounts on January 1, 2020: KD 1,000,000 Share Capital-Ordinary (KD 2 stated value) Share Premium-Ordinary Retained Earnings 750,000 1,500,000 In 2020, the company had the following treasury share transactions. Feb. 1 Purchased 7,000 shares for KD 56,000 Sold 2,000 shares for KD 14,000. June 1 Oct. 1 Sold 1,500 shares at KD 10 per share. Sold 3,500 shares at KD 6 per share. Nov. 1 Fahad uses the cost method of accounting for treasury shares. Instructions Prepare journal entries for the purchase and the three sales of treasury shares. Date Accounts Debit Credit Feb. 1 June 1 Oct. 1 Nov. 1