10 3.33 points At December 31, 2020, the balance sheet of Meca International included the following shareholders' equity accounts: Shareholders' Equity Common stock, 75 million shares at $1 par Paid-in capital-excess of par Retained earnings ($ in millions) $ 75 330 440 eBook References Required: Assuming that Meca International views its share buybacks as treasury stock, record the appropriate journal entry for each of the following transactions: (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).) 1. On February 12, 2021, Meca reacquired 2 million common shares at $14 per share. 2. On June 9, 2022, Meca reacquired 3 million common shares at $9 per share. 3. On May 25, 2023, Meca sold 3 million treasury shares at $16 per share. Determine cost as the weighted-average cost of treasury shares. 4. For the previous transaction, assume Meca determines the cost of treasury shares by the FIFO method. 10 1. Previous transaction, assumie Meld uetermineS INCLUSE OF casury srdics by 3.33 points View transaction list Journal entry worksheet eBook References > 1 2 3 4 Record the reacquisition of 2 million common shares at $14 per share. Note: Enter debits before credits. Date February 12, 2021 General Journal Debit Credit View general journal Record entry Clear entry ok ences View transaction list Journal entry worksheet > 1 2 3 4 Record the reacquisition of 3 million common shares at $9 per share. Note: Enter debits before credits. Date June 09, 2022 General Journal Debit Credit Record entry Clear entry View general journal 10 The previous transaction, assumic MCLA UCICHINICS LIC LUSE OF Leasury srdics by unsHIFOR 3.33 points View transaction list Journal entry worksheet < 1 2 3 eBook References Record the sale of 3 million treasury shares at $16 per share-determine cost as the weighted average cost of treasury shares. Note: Enter debits before credits. Date May 25, 2023 General Journal Debit Credit Record entry Clear entry View general journal 10 3.33 points CLIPICI anton, assume MCLA UCLCHES WE LOSE of cably sits by CIO View transaction list Journal entry worksheet < 1 2 3 4 eBook References Record the sale of 3 million treasury shares at $16 per share-determine cost of treasury shares by the FIFO method. Note: Enter debits before credits. Date May 25, 2023 General Journal Debit Credit Record entry Clear entry View general journal