6 Check my work orner Communications articles or incorporation autonzed the issuance of su mon common shares the transactions described below effected changes in Borner's outstanding shares. Prior to the transactions, Borner's shareholders equity included the following Shareholders ( Son Common stock, 110 illion sharest 51 par 5110 Paid in capital - excess of par 330 Retained earnings 300 Required: Assuming that Bomer Communications retires shares it reacquires trestores their status to that of authorized but unissued shares 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 field. Enter your answers in millions (.e. 10,000,000 should be entered as 10)) Print There 1. On January 7, 2021, Borner reacquired 5 million shares at $5.00 per share 2. On August 23, 2021. Borner reacquired 7 million shares at $3.00 per share 3. On July 25, 2022. Bomer sold 6 million common shares at 56 per share. View transaction list Journal entry worksheet > 1 P Next >