Question #$2(7$ marks$)$

Smith Company Inc. originally issued its $8,100$ common shares at $$29$ per share and all are outstandings as of August $1,2021.$

REQUIRED:

Prepare general journal entries for the following:

Aug $1,2021-$ Purchased and retired $600$ common shares at $$\frac{19}{?}$ share. $(3$ marks$)$

Sep $1,2021.$ Purchased and retired $500$ common shares at $$37$ per share. $(4$ marks$)$