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Exercise 18-12 (Algo) Treasury stock [LO18-5] In 2024. Westem Transport Company entered into the treasury stock transactions described below. in 2022. Western Transport had issued
Exercise 18-12 (Algo) Treasury stock [LO18-5] In 2024. Westem Transport Company entered into the treasury stock transactions described below. in 2022. Western Transport had issued 220 milion shates of its $1 par common stock at $22 per share. Reguired: Prepare the appropriate journal entry for each of the following transactions: Note: If no entry is required for a tronsaction/event, felect "No journal entry required" in the first account fieid. Enter your answern in millions (i.e., 10,000,000 should be entered os 10). 1. On aanuary 23, 2024. Westem Transport reacqulied 15 million shares at $25 per share. 20 September 3,2024. Westem Transport sold 1 milion treasury shares at $26 per share. 1. On November 4, 2024, Westem Transport sold 1 million treasury shares at $23 per share. Journal entry worksheet 3 Resord we ieacquibition of 15 million shares at 525 per share Journal entry worksheet Record the reacquisition of 15 million shares at $25 per share. Wate: Enter debits before credists. Journal entry worksheet Record the sale of 1 million treasury shares at $26 per share. Note: Enter debits before credits. Journal entry worksheet
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