Check my work mode : Thls shows what is correct or Incorrect for the work you have completed so far. It does not Indicat Bomer Communicatons' articles of Incorporaton authortzed the Issuance of 130 miltion common shares. The transactions described below effected changes in Borner's outstanding shares. Prior to the transactions, Borner's shareholders' equy included the following: s in Shareholdera' Equity Common stock, 100 million shares at $1 par Paid-in capital-excess of par Retained earnings millions) 100 300 210 Required: Assuming that Borner Communicatons retres shares t reocquires (restores their status to that of authonized but unissued shares. record the appropriate Journal entry for each of the following transactions: (f no entry is r Journal entry required" In the first account fneld. Enter your answers In mlillons (le, 10,000,000 should be entered as 10)) equlred for a transaction/event, select "No 1. On January 7, 2018, Borner reacquired 2 milion shares at $5 per share 2 On August 23, 2018, Borner reacqutred 4 mition shares at $3.50 per share. 3. On July 25, 2019, Borner sold 3 miltion common shares at $6 per share. 3 Answer is not complete No Date General Journal Debit Credit anuary 07 2018 Common stock 10 10 Paid-in capital- axcess of par 14 0 2 August 23 2018 Common steck Paid-in capital excess of par Prev4f6 Next ere to search Retained earnings 210 Required: Assuming that Borner Communicatons reures shares It reacquires (restores thelr status to that of authortzed but unissued sh record the appropriate Journal entry for each of the following transactions: (ir no entry Is required for a transactlon/event, sel Jounal entry required" In the first account fleld. Enter your answers In mllons (Le., 10,000,000 should be entered as 10)) 16 ints 1. On January 7, 2018, Borner reacqutred 2 million shares at $5 per share. 2 On August 23, 2018, Borner reacquired 4 milion shares at $3.50 per share. 3. On July 25, 2019, Borner sold 3 million common shares at $6 per share. Answer is not complete. No Date General Journal Debit Credit 07.2018-monstacka-excess ofpar 10 Paid-in capital excess of par 10 2 August 23,2018 Common stock 14 63 Paid-in capital- excess of par 14 3 July 25, 201 Cash 180 Paid-in capital-excess of par Common stock 15 03 Mc