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Pharoah Company had the following Shareholders' Equity section as of February 1, 2024: On February 16, 2024, Pharoah reacquired and cancelled 4,700 Class A common

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Pharoah Company had the following Shareholders' Equity section as of February 1, 2024: On February 16, 2024, Pharoah reacquired and cancelled 4,700 Class A common shares at a cost of $3.40 per share. On April 10, Pharoah issued 8,200 Class A common shares for $5.80 each. On May 31, the company reacquired and cancelled another 3,100 Class A common shares at $5.00 per share. Prepare the journal entries required to record these transactions. (Round per share calculations to 2 decimal places, e.g. 12.25 and final answers to 0 decimal places, e.g. 5,725. List all debit entries before credit entries. 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. Record journal entries in the order presented in the problem.) Prepare the journal entries required to record these transactions. (Round per share calculations to 2 decimal places, e.g. 12.25 and final answers to 0 decimal places, e.g. 5,725. List all debit entries before credit entries. 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. Record journal entries in the order presented in the problem.)

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