Share capital:
Preferred shares, 50,000 issued and outstanding						$2,500,000		50
Class A common shares, 1,700,000 issued and outstanding						5,950,000
Class B common shares, 360,000 issued and outstanding						2,250,000
Retained earnings						6,305,000
Total shareholders equity						$17,005,000
On June 10, Belmont reacquired and cancelled 5,000 Class A common shares at a cost of $3.10 per share.
On August 26, Y5, Belmont issued 7,700 Class A common shares for $6.25 each.
On September 30, the company reacquired and cancelled another 2,700 Class A common shares at $6.40 per share.
REQUIRED
Prepare the journal entries for the above transactions
	Contributed Surplus