On January $31,2018,$ Darred Inc. had $510,000$ outstanding common shares. Its balance sheet on January $31,2018$ shows a common stock balance of $$637,500$ and a paid$-$in capital, treasury stock balance of zero. The following are the only changes to Darred Inc.$\text{'}$s common stock that occured between January $31,2018$ and January $31,2019.$

Do not enter dollar signs or commas in the input boxes.

For transactions that have more than one debit or credit entry, enter the accounts in alphabetical order.

a$)$ On February $1,2018,$ Darred Inc. paid $$24,000$ to reacquire $8,000$ of its own common stock. Record the share reacquistion journal entry on February $1,2018.$

Date Account Title and Explanation Debit Credit

Feb $1$ Answer

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To record reacquiring of shares

b$)$ On June $1,2018,$ Darred Inc. sold $2,400$ shares of its treasury stock for $$4$ per share. Record the treasury stock re$-$issuance journal entry on June $1,2018.$

Date Account Title and Explanation Debit Credit

Jun $1$ Answer

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Sold treasury stock

c$)$ On January $31,2019,$ Darred Inc. sold the remaining $5,600$ shares of its treasury stock for $$2$ per share. Record the treasury stock re$-$issuance journal entry on January $31,2019.$

Date Account Title and Explanation Debit Credit

Jan $31$ Answer

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Sold treasury stock