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Exercise 18-11(Algo) Retirement of shares [LO18-5]In 2024, Borland Semiconductors entered into the transactions described below....

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Exercise 18-11(Algo) Retirement of shares [LO18-5]In 2024, Borland Semiconductors entered into the transactions described below. In 2021, Borland had issued 165 million shares of its $1 par common stock at $27 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 12 million shares at $25.50 per share.On March 3,2024, Borland reacquired 12 million shares at $29 per share.On August 13,2024, Borland sold 1 million shares at $35 per share.On December 15,2024, Borland sold 2 million shares at $29 per share.

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