Prepare general entries to record these transactions

Kingbird Company had the following Shareholders' Equity accounts as of May 1, 2020: Share capital: Preferred shares, 120,000 issued and outstanding $1,446,000 Class A common shares, 160,000 issued and outstanding 872,000 Class B common shares, 260,000 issued and outstanding 1,547,000 Retained earnings 3,275,000 Total shareholders' equity $7,140,000 On June 10, Kingbird reacquired and cancelled 2,100 Class A common shares at a cost of $4.60 per share. On August 26, 2020, Kingbird issued 4,200 Class A common shares for $8.80 each. On September 30, the company reacquired and cancelled another 2,100 Class A common shares at $8.80 per share