At the beginning of $20$X$1,$ the accounting records of Friends Corp. reported the following:

Preferred shares, $7,700$ shares outstanding, no$-$par $ $195,580$

Common shares, $181,600$ shares outstanding, no$-$par $517,560$

Contributed capital on common share retirement $111,200$

Retained earnings $556,000$

During the year, the company acquired and retired shares, while other shares were issued:

$15$ March $25,500$ common shares bought and retired at $$5$ per share

$16$ March $4,400$ preferred shares bought and retired at $$28\mathrm{.}50$ per share

$20$ May $9,700$ common shares bought and retired at $$1$ per share

$25$ May $2,000$ preferred shares bought and retired at $$19\mathrm{.}60$ per share

$30$ May $11,200$ common shares issued at $$13\mathrm{.}60$ per share

$15$ Nov. $5,200$ common shares bought and retired at $$21$ per share

Required:

$1.$ Give journal entries to record each share retirement transaction. $($Round intermediate calculations to $2$ decimal places and Round your final answers to the nearest whole dollar. If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.$)3$

$8\mathrm{.}78/30$

points awarded

$\backslash$table$[[$No$,$Date,General Journal,Debit,Credit$],[1,15$ March,Contributed capital on common share retirement,$25,500,],[,$Common shares,$127,500,],[,$Cash,,$152,500$