$1.$ XYZ Corp. has the following balances in its shareholders equity section of its balance sheet $($in millions$)$: $$ Common stock: $50$ million shares outstanding at $$1$ par, $$ $$50$ Additional paid$-$in$-$capital: $$ $ $200$ Paid$-$in$-$capital $$ share repurchase$$ $$2$ Retained earnings$$ $ $500$ Record the journal entries for the following: Reacquiring $1$ million shares at $$8$ per share for both retiring the shares and as treasury stock Reacquiring $1$ million shares at $$3$ per share for both retiring the shares and as treasury stock For the first situation above, record the entries if shares were subsequently sold for $$10$ and also if subsequently sold for $$6.$ Record these entries for both share retirement and treasury stock treatments prior to this sale. $2.$ XYZ Corp. has the following balances in its shareholders equity section of its balance sheet $($in millions$)$:

Record the journal entries for the following:

Reacquiring $1$ million shares at $\backslash (\backslash$$ $8\backslash )$ per share for both retiring the shares and as treasury stock

Reacquiring $1$ million shares at $\backslash (\backslash$$ $3\backslash )$ per share for both retiring the shares and as treasury stock

For the first situation above, record the entries if shares were subsequently sold for $\backslash (\backslash$$ $10\backslash )$ and also if subsequently sold for $\backslash (\backslash$$ $6\backslash ).$ Record these entries for both share retirement and treasury stock treatments prior to this sale.