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Borner Communications articles of Incorporation authorized the issuance of 190 million common shares the conce below elected changes in Borner's outstanding shares. Prior to the
Borner Communications articles of Incorporation authorized the issuance of 190 million common shares the conce below elected changes in Borner's outstanding shares. Prior to the transactions, Bomer's share outed the Shareholders' Equity Common stock, 175 million shares at $1 par Paid in capital - excess of par Retained earnings (5 in illo) $175 525 Required: Assuming that Borner Communications retires shares it reacquires trestores the status to that of authored but record the appropriate journal entry for each of the following transactions of no entry is required for a section wa journal entry required" in the first account field. Enter your answers in millions (m. 10,000,000 should be entered sol On January 7, 2021, Borner reacquired 2 million shares at $6,50 per share. 2. On August 23, 2021, Borner reacquired 4 million shares at $3.50 per share. 3. On July 25, 2022, Borner sold 3 million common shares at 59 per share View transaction list / 1 Record the reacquisition of 2 million shares by Bomer 2 Record the reacquisition of 4 million shares by Borner. Crede 3 Record the sale of 3 million common shares. Mw general journal
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