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In 2013, Southwestern Corporation completed the treasury stock transactions listed below. February 2: Reacquired 63,000 shares at $11.30 March 17: Sold 13,000 shares at $13.65

In 2013, Southwestern Corporation completed the treasury stock transactions listed below. February 2: Reacquired 63,000 shares at $11.30 March 17: Sold 13,000 shares at $13.65 May 17: Sold 18,000 shares at $7.65 Southwestern had issued 100,000 shares of its $1 par common stock for $10 several months ago. Required: Prepare the journal entries to record the above transactions using the cost method.

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