Question: Saved Save Ch18_homework Check my work mode : This shows what is correct or Incorrect for the work you have completed so far. It does
Saved Save Ch18_homework Check my work mode : This shows what is correct or Incorrect for the work you have completed so far. It does not indicate comp! Return to questi 3 In 2021, Borland Semiconductors entered into the transactions described below. In 2018, Borland had issued 170 millor shares of its $1 par common stock at $34 per share, 15 points Required: Assuming that Borland retires shares it reacquires, record the appropriate journal entry for each of the following transactions: (If no entry is required for a transaction/event, select "No journal entry required in the first account fiel Enter your answers in millions (l.e., 10,000,000 should be entered as 10).) 1. On January 2, 2021, Borland reacquired 10 million shares at $32.50 per share. 2. On March 3, 2021, Borland reacquired 10 million shares at $36 per share 3. On August 13, 2021, Borland sold 1 million shares at $42 per share. 4. On December 15, 2021. Borland sold 2 million shares at $36 per share. Answer is not complete. No Debit Credit 1 Date General Journal January 02, 2021 Common stock Paid-in capital - excess of par Paid in capital-share repurchase Cash 10,000,000 330.000.000 OG 15,000,000 325.000.000 2 March 03, 2021 Common stock Paid in capital.css of par Pald.in capital share repurchase Retained earnings Cash 10,000,000 330,000,000 15.000.000 5,000,000 O 380.000.000
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