E 18-12 Treasury stock In 2021, Western Transport Company entered into the treasury stock transactions described below. In 2019, Western Transport had issued 140 million shares of its $1 par common stock at $17 per share. Required: Prepare the appropriate journal entry for each of the following transactions: 35. 1. On January 23, 2021, Western Transport reacquired 10 million shares at $20 per share. 2. On September 3, 2021, Western Transport sold 1 million treasury shares at $21 per share. A. 1. January 23, 2021 (S in millions) Treasury stock 105 Cash 105 September 3, 2021 Cash 46 Treasury stock 42 Paid-in capital-share repurchase (remainder) B. 1. January 23, 2021 (S in millions) Cash 105 Treasury stock September 3, 2021 Treasury stock 46 2. Cash C. 1. January 23, 2021 ($ in millions) Treasury stock 105 Cash 2. Cash 46 D. 1. September 3, 2021 Paid-in capital-share repurchase (remainder) January 23, 2021 ($ in millions) Treasury stock Cash 2. Cash September 3, 2021 Treasury stock 105 105 46 Paid-in capital-share repurchase (remainder) 105 105 46 46 460 46 46