In 2018, Borland Semiconductors entered into the following capital transactions described below. In 2014, Borland had issued 100 million shares of its $1 par common stock at $24 per share.

Required:

Assuming that Borland retires shares it reacquires, record the appropriate journal entry for each of the following transactions:

On January 2, 2018, Borland reacquired 5 million shares at $22 per share.

On April 30, 2018, Borland reacquired 5 million shares at $26 per share.

On November 18, 2018, Borland sold 3 million shares at $32 per share.