Acer Inc. issued $100,000$ shares of $$0\mathrm{.}01$ par value common stock for $$15$ per share on January $1,$ the day of its initial stock offering.

Required

a$.$ Record entries for the following subsequent transactions assuming that the company's policy is to directly retire any reacquired shares.

Note: If a line in a journal entry isn't required for the transaction, select $"$N$/$A$"$ as the account name and leave the Dr$.$ and Cr$.$ answers blank $($zero$).$

On March $30,$ the company reacquires and retires $2,000$ shares of common stock at $$13\mathrm{.}50$ per share.

On August $20,$ the company reacquires and retires $2,000$ shares of common stock at $$17\mathrm{.}25$ per share.

On December $1,$ the company issues $10,000$ shares of common stock at $$17\mathrm{.}00$ per share.

b$.$ Determine the number of shares issued and the number of shares outstanding on the following dates $($after transactions have been recorded$).$