On 2019 March 28, Alt Corp reacquired 300 shares of its outstanding common stock for...
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Accounting
On 2019 March 28, Alt Corp reacquired 300 shares of its outstanding common stock for OMR 65 each. The company reissued 140 shares worth OMR 68 each on May 28, 2019. What will be the journal entry the company reacquired shares on 2019 March 28? choose:
a- Dr Treasury stock 19500, Cr bank 19500
b-Dr Treasury stock 9520, Dr share capital 9520
c- Dr bank 20400, Dr share premium 20400
d-Dr bank 19500, Dr Treasury stock 19500
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