Prepare the journal entries necessary to record the following share transactions of the Henderson Company during 20xx:

Question:

May 5 Purchased 400 of its own 1 nominal value ordinary shares for 10 per share, the current market price.

17 Sold 150 shares of treasury stock purchased on May 5 for 11 per share.

21 Sold 100 shares of treasury stock purchased on May 5 for 10 per share.

28 Sold the remaining 150 shares of treasury stock purchased on May 5 for 9.50 per share.

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