On $1-$Dec Company T has the following items on its balance sheet

$400,000$ issued shares at a book value of $6,000,000$

Contributed surplus account has a balance of $$35,000$ CR

a$)$ Company T paid $$360,000$ to reaquire $20,000$ shares on $15-$Dec

DATE DESCRIPTION DR CR

b$)$ On January $27$th$,$ the Company pays $480,000$ to reacquire $40,000$ Shares REMEMBER PART A