In 2021, Borland Semiconductors entered into the transactions described below. In 2018, Borland had issued 210 million s

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In 2021 Borland Semiconductors Entered Into The Transactions Described Below In 2018 Borland Had Issued 210 Million S 1 (37.47 KiB) Viewed 11 times

In 2021, Borland Semiconductors entered into the transactions described below. In 2018, Borland had issued 210 million shares of its $1 par common stock at $45 per share. Required: Assuming that Borland retires shares it reacquires, record the appropriate journal entry for each of the following transactions: (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).) 1. On January 2, 2021, Borland reacquired 10 million shares at $43.50 per share. 2. On March 3, 2021, Borland reacquired 10 million shares at $47 per share. 3. On August 13, 2021, Borland sold 1 million shares at $53 per share. 4. On December 15, 2021, Borland sold 2 million shares at $47 per share. View transaction list Journal entry worksheet 1 2 3 Check my work 4 Record the reacquisition of 10 million shares at $43.50 per share. hote: Enter cedits before sente.