Question: transcript corp has 300,000 no par value common shares authorized, issued and outstanding which were all issued at $40 per share. on feb 28, 2023

transcript corp has 300,000 no par value common shares authorized, issued and outstanding which were all issued at $40 per share. on feb 28, 2023 tanscript required 6000 shares at a cost of $38 per share. on oct 20 2023 the company purchased and cancelled an additional 4000 shares. the purchase cost was $44 per share

prepare the journal entries for the reacquisition of shares

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