Practice question :1

Mark Corporation repurchased its 300 equity shares for OMR 1.600 each having a face value of OMR 0.600 on 1^st Feb 2019.

The company reissued 120 shares of its treasury stock for OMR 1.4 on 5^th May 2019.

Again on, 11^th July 2019, the balance of the reacquired shares were reissued for OMR 2.5 each.

Journalize the transactions connected to Treasury stock and comment on its effect on equity at the end of the year