In the current year, a company entered into the transactions described below. Three years prior, the company had issued $195$ million

shares of its $$1$ par common stock at $$39$ per share.

Required:

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

occurred in the current year:

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

in millions $($i$.$e$.,10,000,000$ should be entered as $10).$

On January $2,$ the company reacquired $12$ million shares at $$37\mathrm{.}50$ per share.

On March $3,$ the company reacquired $12$ million shares at $$41$ per share.

On August $13,$ the company sold $1$ million shares at $$47$ per share.

On December $15,$ the company sold $2$ million shares at $$41$ per share.