Information taken from Nanotec Security Inc.$\text{'}$s January $31,2023,$ balance sheet follows:

Common shares, $540,000$ shares authorized, $46,000$

shares issued and outstanding

$$506,000$

Retained earnings

$83,350$

On February $1,2023,$ the company repurchased and retired $1,200$ common shares $($the first retirement the company has recorded$).$

Required:

Prepare General Journal entries to record the repurchase and retirement under each of the following independent assumptions.

The shares were repurchased for:

a$.$ $$8\mathrm{.}50$ per share

b$.$ $$11\mathrm{.}00$ per share

c$.$ $$13\mathrm{.}50$ per share

A Record the retirement of shares for $$8\mathrm{.}50$ per share.

B Record the retirement of shares for $$11\mathrm{.}00$ per share.

c Record the retirement of shares for $$13\mathrm{.}50$ per share.

Note : $O=$ journal entry has been entered