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In 2017, Southwestern Corporation completed the treasury stock transactions listed below, February 2,: Reacquired 70,000 shares at $12 March 17: Sold 20,000 of those shares

In 2017, Southwestern Corporation completed the treasury stock transactions listed below, February 2,: Reacquired 70,000 shares at $12 March 17: Sold 20,000 of those shares at $14 May 17: Sold 25,000 of those shares at $8 Southwestern had issued $100,000 shares of its $1 par common stock several months ago. Prepare the journal entries to record the above transactions.

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