please complete part A & B

Problem 18-1 (Algo) Various stock transactions; correct Part A During its first year of operations, the McCollum Corporation entered into the following transactions relating to shareholders' equity The corporation was authorized to issue 101 million common shares. $1 par per share. Required: Prepare the appropriate joumal entries to record each transaction Jan. 9 Issued 40 million common shares for $10 per share. Mar. 11 Issued 6,000 shares in exchange for custom-made equipment. Hecollum's shares have traded recently on the stock exchange at $10 per share Part B A new staff accountant for the McCollum Corporation recorded the following journal entries during the second year of operations. McCollum retires shares that it reacquires (restores their status to that of authorized but unissued shares) is in simions) Debit Credit 4 Date Sept. 1 60 General Journal Common stock Retained earnings Cast 32 2 30 Dec. 2 Cash Common stock Gain on sale of previously issued shares Required: Prepare the journal entries that should have been recorded for each of the transactions. Complete this question by entering your answers in the tabs below. Part B Part A to record each transaction. Enter your answers in dollars rather than millions (le, 10