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prepare the Journal entries for below transactions, thank you! Sunny Day Inc. reported the following equity balances on December 31, 2019: Common shares, 220,000 shares

prepare the Journal entries for below transactions, thank you!

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Sunny Day Inc. reported the following equity balances on December 31, 2019: Common shares, 220,000 shares issued $1,540,000 Retained earnings 321,000 Total equity $1 861,000 In 2020, Sunny Day Inc. completed the following equity related transactions: April 14 Reacquired 22,000 common shares at $8.00 per share. (This is the first time Sunny Day Inc. reacquired shares.) June 5 Reacquired 18,000 common shares at $6.50 per share

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