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On February 18, 2025, Sunland Inc. repurchased and cancelled 330,000 common shares, paying $21.20 per share. a) Provide the journal entry to record the share

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On February 18, 2025, Sunland Inc. repurchased and cancelled 330,000 common shares, paying $21.20 per share. a) Provide the journal entry to record the share repurchase transaction. (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 O for the amounts. List all debit entries before credit entries.)

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