Exercise $18-11($Algo$)$ Retirement of shares $[$L$018-5]$

In $2024,$ Borland Semiconductors entered into the transactions described below. In $2021,$ Borland had issued $170$ million shares of its $$1$ par common stock at $$29$ per share.

Required:

Assuming that Borland retires shares it reacquires, record the appropriate journal entry for each of the following transactions: Note: 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 $2,2024,$ Borland reacquired $13$ million shares at $$28\mathrm{.}00$ per share.

On March $3,2024,$ Borland reacquired $13$ million shares at $$31$ per share.

On August $13,2024,$ Borland sold $1$ million shares at $$37$ per share.

On December $15,2024,$ Borland sold $2$ million shares at $$31$ per share.