Business, 04.03.2020 00:17 justsuz72p71a21
Required: Assuming that Borner Communications retires shares it reacquires (restores their status to that of authorized but unissued shares), record the appropriate journal entry for each of the following transactions: (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i. e., 10,000,000 should be entered as 10).) On January 7, 2021, Borner reacquired 2 million shares at $5 per share. On August 23, 2021, Borner reacquired 4 million shares at $3.50 per share. On July 25, 2022, Borner sold 3 million common shares at $6 per share.
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Required: Assuming that Borner Communications retires shares it reacquires (restores their status to...
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