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In 2024, Borland Semiconductors entered into the transactions described below. In 2021, Borland had issued 180 million shares of its $1 par common stock at $32 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 transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10). On January 2, 2024, Borland reacquired 10 million shares at $30.50 per share. On March 3, 2024, Borland reacquired 10 million shares at $34 per share. On August 13, 2024, Borland sold 1 million shares at $40 per share. On December 15, 2024, Borland sold 2 million shares at $34 per share. Please avoid answers in image format thak you

In 2024, Borland Semiconductors entered into the transactions described below. In 2021, Borland had issued 180 million shares of its $1 par common stock at $32 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 transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10). On January 2, 2024, Borland reacquired 10 million shares at $30.50 per share. On March 3, 2024, Borland reacquired 10 million shares at $34 per share. On August 13, 2024, Borland sold 1 million shares at $40 per share. On December 15, 2024, Borland sold 2 million shares at $34 per share. Please avoid answers in image format thak you

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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In 2024, Borland Semiconductors entered into the transactions described below. In 2021, Borland had issued 180 million shares of its $1 par common stock at $32 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 transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10). On January 2, 2024, Borland reacquired 10 million shares at $30.50 per share. On March 3, 2024, Borland reacquired 10 million shares at $34 per share. On August 13, 2024, Borland sold 1 million shares at $40 per share. On December 15, 2024, Borland sold 2 million shares at $34 per share.

Please avoid answers in image format thak you

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