On January 1, 2020, the equity section of Bergin ASA shows share capital— ordinary (£54 par value) £1,500,000; share premium—ordinary £1,000,000; and retained earnings £1,200,000. During the year, the following treasury share transactions occurred.

Mar.   1    Purchased 50,000 shares for cash at £12 per share.
July     1    Sold 10,000 treasury shares for cash at £14 per share.
Sept.  1    Sold 8,000 treasury shares for cash at £10 per share.

Instructions
a. Journalize the treasury share transactions.
b. Restate the entry for September 1, assuming the treasury shares were sold at £9 per share.