Question: Problem 6: Share buybacks (15 pts) The shareholders' equity section nf than w... On March 11, 2023, Genesis purchased back 3 million shares at $14

Problem 6: Share buybacks (15 pts) The shareholders' equity section nf

Problem 6: Share buybacks (15 pts) The shareholders' equity section nf than w... On March 11, 2023, Genesis purchased back 3 million shares at $14 per share. On July 29, 2023, Genesis sold 3 million shares at $15 per share. Required: a. Prepare journal entries to record the above two transactions assuming Genesis retired shares (10 pts). CIn m ) Puid in cap-shore 2 Cash 14 7129 Cash 18 Oudd in cap-ruevare tH

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