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At December 31, 2020, the balance sheet of Meca International included the following shareholders' equity accounts:

Shareholders Equity	($ in millions)
Common stock, 60 million shares at $1 par	$	60
Paid-in capital - excess of par		300
Retained earnings		410

Required: Assuming that Meca International views its share buybacks as treasury stock, record 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 field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)

1. On February 12, 2021, Meca reacquired 1 million common shares at $13 per share.
2. On June 9, 2022, Meca reacquired 2 million common shares at $10 per share.
3. On May 25, 2023, Meca sold 2 million treasury shares at $15 per share. Determine cost as the weighted-average cost of treasury shares.
4. For the previous transaction, assume Meca determines the cost of treasury shares by the FIFO method.

No	Date	General Journal	Debit	Credit
1	February 12, 2021	Treasury stock
		Cash
2	June 09, 2022	Treasury stock
		Cash
3	May 25, 2023	Cash
		Treasury stock
		Paid-in capital - share repurchase
4	May 25, 2023	Cash
		Treasury stock
		Paid-in capital - share repurchase