Cal Cookie Company (CCC) has 100 million shares of $1 par common stock authorized. The transactions below caused changes in CCC's outstanding shares.
January 4, 2013: Repurchased and retired 1 million shares at $8 per share.
June 25, 2013: Repurchased and retired 2 million shares at $2 per share.
Prior to the transactions, CCC's shareholders' equity included the following: Required:
Record entries for the above transactions.

Question

Cal Cookie Company (CCC) has 100 million shares of $1 par common stock authorized. The transactions below caused changes in CCC's outstanding shares.
January 4, 2013: Repurchased and retired 1 million shares at $8 per share.
June 25, 2013: Repurchased and retired 2 million shares at $2 per share.
Prior to the transactions, CCC's shareholders' equity included the following:  Required:
Record entries for the above transactions.

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The Answer of Cal Cookie Company (CCC) has 100 million shares of $1 par common stock authorized. The transactions below caused changes in CCC's outstanding shares.
January 4, 2013: Repurchased and retired 1 million shares at $8 per share.
June 25, 2013: Repurchased and retired 2 million shares at $2 per share.
Prior to the transactions, CCC's shareholders' equity included the following:  Required:
Record entries for the above transactions.

Cal Cookie Company (CCC) Has 100 Million Shares of $1