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In 2021. Southwestern Corporation completed the treasury stock transactions listed below. February 2: Reacquired 61,000 shares at $11,10. March 17: Sold 11, 000 shares at

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In 2021. Southwestern Corporation completed the treasury stock transactions listed below. February 2: Reacquired 61,000 shares at $11,10. March 17: Sold 11, 000 shares at \$13.55. May 17: Sold 16,000 shares at $7.55. 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 transactlons, using the cost method. (If no entry is requir select "No journal entry required" in the first account field.) Journal entry worksheet Note: Enter debits before credits. Journal entry worksheet Note: Enter debits before credits. Journal entry worksheet 1 Sold 16,000 shares at $7.55. Note: Enter debits before credits

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