please help. need both requirements. The shareholders'...
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please help. need both requirements.
The shareholders' equity section of the balance sheet of TNL Systems Inc. included the following accounts at December 31, 2023: (ns) Required: 1. During 2024, TNL Systems reacquired shares of its common stock and later sold shares in two separate transactions. Prepare the entries for both the purchase and subsequent resale of the shares assuming the shares are (a) retired and (b) viewed as treasury stock. a. On February 5, 2024, TNL Systems purchased 20 million shares at $5 per share. b. On July 9,2026 , the corporation sold 10 million shares at $8 per share. c. On November 14, 2026, the corporation sold 5 million shares at $12 per share. 2. Prepare the shareholders' equity section of TNL Systems' balance sheet at Prepare the shareholders' equity section of INL
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