On December 31, 2020, the shareholders' equity of Finland Corporation shows the following:

Common shares9,000 shares outstanding $ 270,000

Contributed surplus 4,440

Retained earnings 88,560

Total shareholders' equity $ 363,000

The balance in the contributed surplus account was a result of previous repurchases/cancellations of common shares when the repurchase price paid for the shares was less than average book value.

Required: Assume that the above balances existed before any of the following transactions took place. Record the journal entries for the following:

1. Bought and cancelled 430 shares at $38/share.

2. Bought and cancelled 200 shares at $44/share

3. Issued 3,200 shares at $41.

4. Issued 1,500 shares at $47.

5. Bought and cancelled 1,000 shares at $50.