Answer:
The journal entries to record the share transactions are shown in the attached spreadsheet.
Explanation:
On the 1st of July when 108 shares were reacquired, the cash outflow from the transaction is $9396 which was credited cash account and debited to treasury stock as a reduction in shares.
Upon the issue of 63 shares on September 1,the cash inflow was $5733 and the amount is comprises of $5481 belonging to treasury and the balance of $252 in paid-in capital in excess of par account.
Lastly, the last issue for $84 was lower than par value of $87,hence the difference was made up from balance in paid-in capital in excess of par.
Find attached for more details.