3 entries total

In 2024, Westem Transport Company entered into the treasury stock transactions described below, In 2022, Western Transport had issued 140 million shares of its $1 par common stock at $17 per share. Required: Prepare the appropriate journal entry for each of the following transactions: Note: if no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (L.e., 10,000,000 should be entered as 10). 1. On January 23,2024 , Western Transport reacquired 10 million shares at $20 per share. 2. On September 3, 2024, Western Transport sold 1 million treasury shares at $21 per share. 3. On November 4, 2024, Western Transport sold 1 million treasury shares at $18 per share. Journal entry worksheet 3 Record the reacquisition of 10 million shares at $20 per share. Noke: Enter debits tefore credits