port Concord Company had the following Shareholders' Equity accounts as of May 1, 2020: Share capital: Preferred shares, 50,000 issued and outstanding Class A common shares, 120,000 issued and outstanding Class B common shares, 330,000 issued and outstanding Retained earnings Total shareholders' equity $627,500 624,000 1,963,500 3.285.000 $6,500,000 On June 10. Concord reacquired and cancelled 1,500 Class A common shares at a cost of $4.10 per share. On August 26, 2020. Concord issued 3.000 Class A common shares for $8.40 each. On September 30, the company reacquired and cancelled another 1,500 Class A common shares at $8.40 per share. Prepare the journal entries required to record these transactions. (Round per share value to 4 decimal places, e.g. 1.2512 and final answer to decimal places a 5.275. 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 entero for the amounts. Record journal entries in the order presented in the problem.) Date June 10 Debit Account Titles and Explanation Common Shares Credit 7800 Cash 6150 Contributed Surplus 1650 Aug. 26 - Cash 25200