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9 In 2018, Western Transport Company entered into the treasury stock transactions described below. In 2016, Western Transport had issued 210 million shares of its

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9 In 2018, Western Transport Company entered into the treasury stock transactions described below. In 2016, Western Transport had issued 210 million shares of its $1 par common stock at $21 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 fleld. Enter your answers in milions (l.e. 03-1603 10,000,000 should be entered as 10).) 1. On January 23, 2018, Western Transport reacquired 15 million shares at $24 per share. 2. On September 3, 2018, Western Transport sold 3 million treasury shares at $25 per share. 3. On November 4, 2018, Western Transport sold 3 million treasury shares at $22 per share. View Journal entry worksheet 0 Record the reacquisition of 15 million shares at $24 per share. Debit Credit K Prev 9 of 13 Next >

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