Problem 7 When UVW share. Record the entry for this sale. On March 1, 201 Make the entry for this transaction. On June 6 it sold 500 of the reacquired shares for $120 per share. Make the entry for this transaction. Company was formed on January 1, 2016 it sold 100,000 $10 par value shares for $90 per 6 UVW repurchased on the open market 1000 of its shares at a cost of $99 per share