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27 Acme Inc. entered into the treasury stock transactions described below. In 2019, Acme had issued 230 million shares of its $1 par common stock
27 Acme Inc. entered into the treasury stock transactions described below. In 2019, Acme had issued 230 million shares of its $1 par common stock at $23 per share. Required: Prepare 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 (ie, 10,000,000 should be entered as 10).) 6 points 8 0757.0 1. On January 23, 2021. Acme reacquired 15 million shares at $26 per share. 2. On September 3, 2021. Acme sold 2 million treasury shares at $27 per share. 3. On November 4, 2021. Acme sold 2 million treasury shares at $24 per share View transaction list Journal entry worksheet 1 2 3 > Record the reacquisition of 15 million shares at $26 per share. Note: Enter debits before credits Date January 23, 2021 General Journal Debit Credit
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