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Flounder Ltd. sold 9,300 common shares at $16/share on September 15, 2021. On November 22, 540 of these shares were repurchased and cancelled at $13/share.

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Flounder Ltd. sold 9,300 common shares at $16/share on September 15, 2021. On November 22, 540 of these shares were repurchased and cancelled at $13/share. On December 10, another 540 shares were repurchased at $21/share and cancelled. Prepare the journal entries to record these transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 10, 2021

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