Cruz Cookie Company $($CCC$)$ has $100$ million shares of $$1$ par common stock authorized. The transactions below caused changes in

CCC$\text{'}$s outstanding shares.

January $4,2024$: Repurchased and retired $1\mathrm{.}80$ million shares at $$8\mathrm{.}80$ per share.

June $25,2024$: Repurchased and retired $2\mathrm{.}80$ milition shares at $$2\mathrm{.}80$ per share.

Prior to the transactions, CCC$\text{'}$s shareholders' equity included the following:

Common stock, $80\mathrm{.}80$ milion shares at $$1$ par

paid$-$in capital$-$excess of par

$$80,808,e$

$226,240,000$

$128,606,000$

Retained earnings

Requlred:

Prepare the journal entries to record the repurchase and retirement of the shares.

Note: If no entry is requlred for a transaction$/$event$,$ select $"$No journal entry requlred" In the first account fleld. Enter your

answers In whole dollars.

Answer is not complete.Cruz Cookie Company $($CCC$)$ has $100$ million shares of $$1$ par common stock authorized. The transactions below caused changes in CCC$\text{'}$s outstanding shares.

January $4,2024$: Repurchased and retired $1\mathrm{.}80$ million shares at $$8\mathrm{.}80$ per share.

June $25,2024$: Repurchased and retired $2\mathrm{.}80$ million shares at $$2\mathrm{.}80$ per share.

Prior to the transactions, CCC$\text{'}$s shareholders' equity included the following:

Common stock, $80\mathrm{.}80$ million shares at $$1$ par $ $80,800,000$

Paid$-$in capital$$excess of par $226,240,000$

Retained earnings $128,000,000$

Required:

Prepare the journal entries to record the repurchase and retirement of the shares.

Repurchased and retired $1\mathrm{.}80$ million shares at $$8\mathrm{.}80$ per share.

Repurchased and retired $2\mathrm{.}80$ million shares at $$2\mathrm{.}80$ per share.

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field. Enter your answers in whole dollars.