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Pharoah Inc., which has a December 31 year end, had the following shareholders' equity account balances as at December 31,2024 : On February 18, 2025,

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Pharoah Inc., which has a December 31 year end, had the following shareholders' equity account balances as at December 31,2024 : On February 18, 2025, Pharoah Inc, repurchased and cancelled 302,000 common shares, paying $22.20 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 0 for the amounts. List all debit entries before credit entries.)

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