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At December 31, 2023, the balance sheet of Meca International included the following shareholders' equity accounts: Shareholders Equity ($ in millions) Common stock, 65 million
At December 31, 2023, the balance sheet of Meca International included the following shareholders' equity accounts: Shareholders Equity ($ in millions) Common stock, 65 million shares at $1 par $ 65 Paid-in capitalexcess of par 490 Retained earnings 600 Required: Assuming that Meca International views its share buybacks as treasury stock, record 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 (i.e., 10,000,000 should be entered as 10). On February 12, 2024, Meca reacquired 2 million common shares at $19 per share. On June 9, 2025, Meca reacquired 3 million common shares at $14 per share
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