On December 31, 2020,CullumberTreats Limited reported41,000common shares issued and a balance in the Common Shares account of $255,020. On April 5, 2021, it reacquired8,000of these shares. This is the first timeCullumberTreats has reacquired any of its shares.

Record the reacquisition of the shares assuming the company paid $46,000to reacquire the shares.(Credit account titles are automatically indented when the amount is entered.Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round average share price to 2 decimal places, e.g. 5.27 and final answers to 0 decimal places, e.g. 5,275.)

Date

Account Titles and Explanation

Debit

Credit

April 5

enter an account title to record reacquisition of common shares

enter a debit amount

enter a credit amount

enter an account title to record reacquisition of common shares

enter a debit amount

enter a credit amount

enter an account title to record reacquisition of common shares

enter a debit amount

enter a credit amount

(To record reacquisition of

common shares.)

Record the reacquisition of the shares assuming the company paid $62,000to reacquire the shares.(Credit account titles are automatically indented when the amount is entered.Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round average share price to 2 decimal places, e.g. 5.27 and final answers to 0 decimal places, e.g. 5,275.)

Date

Account Titles and Explanation

Debit

Credit

April 5

enter an account title to record reacquisition of common shares

enter a debit amount

enter a credit amount

enter an account title to record reacquisition of common shares

enter a debit amount

enter a credit amount

enter an account title to record reacquisition of common shares

enter a debit amount

enter a credit amount

(To record reacquisition of

common shares.)