On October 15,Manx Company bought 400 shares of its own stock for $16 per share.On December 10,Manx Company sold all of the same shares on the market for $20 per share.
Show how both of these transactions affect the accounting equation.Include both account titles and amounts.

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The Answer of On October 15,Manx Company bought 400 shares of its own stock for $16 per share.On December 10,Manx Company sold all of the same shares on the market for $20 per share.
Show how both of these transactions affect the accounting equation.Include both account titles and amounts.

On October 15,Manx Company Bought 400 Shares of Its Own