ctice Knowledge Check [due In 2021, Borland Semiconductors entered into the transactions described below. In 2018, Borland had issued 160 million shares of its $1 par common stock at $25 per share. Required: Assuming that Borland retires shares it reacquires, record the appropriate journal entry for each of the following transactions: (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (ie, 10,000,000 should be entered as 10).) 1. On January 2, 2021, Borland reacquired 11 million shares at $23.00 per share. 2. On March 3, 2021, Borland reacquired 11 million shares at $28 per share. 3. On August 13, 2021, Borland sold 1 million shares at $33 per share. 4. On December 15, 2021, Borland sold 2 million shares at $28 per share. View transaction list View journal entry worksheet No Date General Journal Debit Credit January 02, 2021 Common stock Paid-in capital-excess of par Paid-in capital-share repurchase Cash / 2 March 03.2021 Common stock 11 Paid-in capital-excess of par 3 Paid-in capital-share repurchase Retained earnings Cash August 13, 2021 Cash Common stock Paid-in capital-excess of par 4 December 15, 2021 Cash 56 Common stock Paid-in capital excess of par 253 32 54