Exercise 18-11(Algo) Retirement of shares [LO18-5]In 2024, Borland Semiconductors entered into the transactions described below....
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Exercise Algo Retirement of shares LOIn Borland Semiconductors entered into the transactions described below. In Borland had issued million shares of its $ par common stock at $ per share.Required:Assuming that Borland retires shares it reacquires, record the appropriate journal entry for each of the following transactions:Note: If no entry is required for a transactionevent select No journal entry required" in the first account field. Enter your answers in millions ie should be entered as On January Borland reacquired million shares at $ per share.On March Borland reacquired million shares at $ per share.On August Borland sold million shares at $ per share.On December Borland sold million shares at $ per share.
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