National Insurance LLC repurchased 200 shares of its outstanding common stock for OMR 55 each on March 28, 2020. On 2020 March 28, the River Side LLC reacquired 200 shares of its outstanding common...

Plz solve for A and B it’s timed!!

Extracted text: National Insurance LLC repurchased 200 shares of its outstanding common stock for OMR 55 each on March 28, 2020. On 2020 March 28, the River Side LLC reacquired 200 shares of its outstanding common stock for OMR 55 each. a. Pass the necessary journal entries to record the said information. Dr. Treasury stock OMR 11,00 Cr. Share premium OMR 11,000 Dr. Cash OMR 11,000 Cr. Treasury stock 11,000 None of the listed choices Dr. Treasury stock OMR 11,000 Cr. Cash OMR 11,000


Extracted text: Show the journal entries if the company reissued an additional 30 shares at OMR 52 per share on July 22, 2020. Dr. Cash OMR 1,560 Cr. Treasury stock OMR 390 Dr. Share premium OMR 1,950 Dr. Cash OMR 1,560 Dr. Share premium OMR 390 Cr. Treasury stock OMR 1,950 Dr. Cash OMR 1,560 Cr. Treasury stock OMR 1,950 Dr. Retained earnings OMR 390 None of the listed choices