On December 31, 2020, Cullumber Treats Limited reported 41,000 common shares issued and a balance in the Common Shares account of $255,020

On December 31, 2020, Cullumber Treats Limited reported 41,000 common shares issued and a balance in the Common Shares account of $255,020. On April 5, 2021, it reacquired 8,000 of these shares. This is the first time Cullumber Treats has reacquired any of its shares. 
Record the reacquisition of the shares assuming the company paid $46,000 to reacquire the shares. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round average share price to 2 decimal places, e.g. 5.27 and final answers to 0 decimal places, e.g. 5,275.) 
Date Account Titles and Explanation 
Debit Credit 
April 5 
(To record reacquisition of common shares.)