Dog Flint Corporation has the following inIts shareholders' equity accounts:Share capital:Class A. 11.100 shares issued and outstandingClass B, 50,000 shares issued and outstandingTotal share capitalRetained earningsTotal shareholders' equityOn January 30, 2023, Flint purchased and cancelled 600 Class A shares at a cost of $4 per share. On September 10, 2023, thecompany purchased and cancelled an additional 1,200 Class A shares. The purchase cost was $8 per share.$66,600100,000166,600380,000$546,600Prepare the related journal entries to record the share buyback (List all debit entries before credit entries. Credit accounttitles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select"No Entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in theproblem.)DateAccount TitlesDebitCredi

Reducing the number of outstanding shares of a company's equity through a procedure called "share…

Flint Corporation has the following inIts shareholders' equity accounts: Share capital Class A, 11.100 shares issued and outstanding Class B, 50,000 shares issued and outstanding Total share capital Retained earnings Total shareholders equity $66.600 100,000 On January 30, 2023, Flint purchased and cancelled 600 Class A shares at a cost of $4 per share. On September 10, 2023, the company purchased and cancelled an additional 1.200 Class A shares. The purchase cost was $8 per share. Date 166,600 380,000 $546,600 Prepare the related journal entries to record the share buyback (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem) Account Titles Debit 1000 Credi