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5 16 points 011215 ellook The December 31, 2021, balance sheet of MBI Company included the following: Connon stock, 20.9 million shares outstanding at $1
5 16 points 011215 ellook The December 31, 2021, balance sheet of MBI Company included the following: Connon stock, 20.9 million shares outstanding at $1 par Paid-in capital-excess of par Retained earnings $ 20,900,000 104,500,000 124,000,000 MBI completed the following transactions in 2021 relating to treasury stock March 17 Reacquired 2.9 million shares at $10.90. May 17: Reacquired 2.9 million shares at $9.45. August 101 Issued 3.9 million shares at $12.45. Required: Prepare journal entries to record the foregoing transactions on a weighted average basis. (Do not round intermediate calculations. If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions rounded to 4 decimal places (i.e., 5,555,000 should be entered as 5.5550).) View transaction list Journal entry worksheet < 1 Reacquired 2.9 million shares at $10.90. Note: Enter debits before credits. Date March 17, 2021 General Journal Debit Credit Record entry Clear entry View general journal
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