MRB Company purchased 1,000 shares of its own outstanding $12 par value common stock for $16 per share and then sold 400 shares six months later for $19 a share.Prepare the journal entries for the purchase of the stock and for the sale.

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The Answer of MRB Company purchased 1,000 shares of its own outstanding $12 par value common stock for $16 per share and then sold 400 shares six months later for $19 a share.Prepare the journal entries for the purchase of the stock and for the sale.

MRB Company Purchased 1,000 Shares of Its Own Outstanding $12