Insert multiple rows to table1 from table2

$selectSQL= sprintf("SELECT * FROM `completetransaction`
WHERE  `merchant_id` = %s
AND  `com_tran_date` = %s",GetSQLValueString($merchantid, "text"),GetSQLValueString($tran_com_date, "date") );
$Result1 = mysql_query($selectSQL, $conn) or die(mysql_error());
for example the above query returns two rows
Edit
Copy
Delete
4005
Leaseinfo2
1000
0
300
700
2014-01-02
Edit
Copy
Delete
4006
Leaseinfo2
500
0
150
350
2014-01-02
how can i insert it to another table(deposit_transaction)
how should i fetch the data from above query and insert it to deposit_transaction.
if i need to use loop.. how should i construct it
$insertSQL=sprintf("INSERT INTO `deposit_transaction`(`transactionid`, `merchantid`, `amount`, `rolling_reserve`, `tdr`, `merchant_money`, `depositdate`) VALUES (%s,%s,%s,%s,%s,%s,%s)",GetSQLValueString($transactionid, "int"),
GetSQLValueString($merchantid, "text"),
GetSQLValueString($amount, "int"),
GetSQLValueString($rr, "int"),
GetSQLValueString($tdr, "int"),
GetSQLValueString($mm, "int"),
GetSQLValueString($depositdate, "date"));
          $Result1 = mysql_query($insertSQL, $conn) or die(mysql_error());

I need to insert both the rows into another table..
Will the query given below execute?.... thank you for the help.. Mr. bregent
"INSERT INTO `deposit_transaction`(`transactionid`, `merchantid`, `amount`, `rolling_reserve`, `tdr`, `merchant_money`, `depositdate`)
SELECT completetransaction.transactionid, completetransaction.merchantid,completetransaction.amount,completetransaction.rolling_res erve,completetransaction.tdr,completetransaction.merchant_money FROM `completetransaction`
WHERE  completetransaction.`merchant_id` = %s
AND completetransaction. `com_tran_date` =%s
GetSQLValueString($merchantid, "text"),
GetSQLValueString($date, "date"));

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