At December? 31, 2014?, Northern Corporation reported the? stockholders' equity accounts shown here? (with dollar amounts in? millions, except? per-share amounts).

Journalize the following transactions:

A) Issuance of 18 million shares of common stock for $11.50 per share.

B) Sold 44 million of the treasury shares purchased for $48 million

Data Table Common stock, $2.00 par value per share, Paid-in capital in excess of par value Retained earnings Treasury stock, at cost 48 60 280 (10) 378 Total stockholders' equity Print Done