Borner Communications' articles of incorporation authorized the issuance of $120$ million common shares. The transactions described below effected changes in Borner's outstanding shares. Prior to the transactions, Borner's shareholders' equity included the following:

Assuming that Borner Communications retires shares it reacquires $($restores their status to that of authorized but unissued shares$),$ record the appropriate journal entry for each of the following transactions:

Note: If no entry is required for a transaction$/$event$,$ select $"$No Journal entry required" In the first account fleld. Enter your answers In mililons $($l$.$e$.,10,000,000$ should be entered as $10).$

On January $7,2024,$ Borner reacquired $2$ million shares at $$5\mathrm{.}50$ per share,

On August $23,2024,$ Borner reacquired $5$ million shares at $$3\mathrm{.}00$ per share.

On July $25,2025,$ Bomer sold $3$ million common shares at $$6$ per share.

$\backslash$table$[[$No$,$Date,General Journal,Debit,Credit$],[1,$January $07,2024,$Common stock,,$],[,,$Paid$-$in capital $-$ excess of par,,$],[,,$Retained earnings,,$],[,,$Cash,,$],[,,,,],[,,$Common stock,,$],[,,$Pugust $23,2024,,],[,,$Paid$-$in capital $-$ excess of par,,$],[,,$Cash,,$],[,,,,],[,,,,]]$