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Task 3: Treasury share transactions. The original sale of the $50 par value ordinary shares of Ahmed Al-Hadi Company was recorded as follows: Cash 290,000 Share Capital-Ordinary 250,000 Share Premium-Ordinary 40,000 Instructions Record the treasury share transactions (given below) under the cost method: Transactions: (a) Bought 300 ordinary shares as treasury shares at $62. (1.5 marks) (b) Sold 80 shares of treasury shares at $60. (1.5 marks) c) Sold 40 treasury shares at $68. (2 marks)