Acer inc. issued 175,000 shares of 50.01 par value common stock for 515 per share on january 1, the day of its initial stock offering. Required a. Record entnes for the following subsequers tudnsactions arsuming that the companys polly is to directly retire any reacquired sharesi - Note: If a line in a journal entry isnt required for the transaction, select " N/ as the account name and leave the or and Cr. answers blank izerol. 1. On March 30, the company reacquires and retires 3.500 shares of common stockat 513.50 per share. 2. On August 20, the company reacquires and tetres 3.500 shares of common stock at $17.25 per share. 3. On December 1, the company issues 17500 shares of common stock at 517.00 per share