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Mady Entertainment inc. showed the following equity account balances on the December 31,2022 , balance sheet. During 2023, the following selected transactions occurred: Apr. 1

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Mady Entertainment inc. showed the following equity account balances on the December 31,2022 , balance sheet. During 2023, the following selected transactions occurred: Apr. 1 hopurchased and cetired 174, eee comon shares at 58.20 per shere: this is the first retirenent recorded by hady. 20 Dlstributed the share dividend declared December 1 . 31 Closed the credit balance of $756,000 in the income simary account. Required: a. Journalize the tronsactions above (assuming the retirements were the first ever recorded by Mady Entertainmensinc) The coanpany. does not use a share dividends account. (It no entry is required for a transaction/event, select "No journal entry recuired" fint the first account field.) View transaction ilst Viow journal entry works heet \begin{tabular}{|c|c|c|c|c|c|} \hline & No & Date & General Journal & Debit & Crecit \\ \hline & 1 & April 01, 2023 & Common shares & 1,218,000 & \\ \hline & & & Retained earrings & 522,000 & \\ \hline & & & Cash & & 1,426,000 \\ \hline & 2 & June 01,2023 & No joumal entry required & & \\ \hline & 3 & Docember012023 & Retained earnings & 5+5,840 & \\ \hline & & & Common share dividends distributable & & 515.840 \\ \hline \multirow[t]{2}{*}{

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