urgent

Reacquisition of shares (9 marks) Transfixed Corporation has 300,000 no par value common shares authorized, issued, and outstanding which were all issued at 540 per share. On February 28, 2023, Transfixed reacquired 6,000 shares at a cost of $38 per share. On October 20,2023 , the company purchased and cancelled an additional 4,000 shares. The purchase cost was S44 per share. Required Prepare the journal entries to record the reacquisition of shares