Arkell Companys December 31, 2020 equity section of the balance sheet included the following:

Common shares, 60,000 shares issued and outstanding.. $1,500,000

Retained earnings 1,300,000

On February 16, 2021, the company purchased and retired 6,000 common shares paying cash of $22 per share. Then, on June 18, 2021, the company purchased and retired 7,000 common shares paying cash of $30 per share.

Required Provide the journal entries on: a) February 16 b) June 18