In 2018, Western Transport Company entered into the treasury stock transactions described below. In 2016, Western Transport had issued 100 million shares of its $1 par common stock at $10 per share. Required: Prepare 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).) On January 23, 2018, Western Transport reacquired 10 million shares at $13 per share. On September 3, 2018, Western Transport sold 2 million treasury shares at $14 per share. On November 4, 2018, Western Transport sold 2 million treasury shares at $11 per share.

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Journal entry worksheet Record the reacquisition of 10 million shares at $13 per share. Note: Enter debits before credits Date General Journal Debit Credit January 23, 2018 Record entry Clear entry View general journal Journal entry worksheet Record the sale of 2 million treasury shares at $14 per share. Note: Enter debits before credits Date General Journal Debit Credit September 03, 2018 Record entry Clear entry View general journal Journal entry worksheet Record the sale of 2 million treasury shares at $11 per share. Note: Enter debits before credits Date General Journal Debit Credit November 04, 2018 Record entry Clear entry View general journal