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In 2021, Southwestern Corporation completed the treasury stock transactions listed below. 3 February 2: Reacquired 76,000 shares at $12.60. March 17: Sold 26,000 shares at
In 2021, Southwestern Corporation completed the treasury stock transactions listed below. 3 February 2: Reacquired 76,000 shares at $12.60. March 17: Sold 26,000 shares at $14.30. May 17: Sold 31,000 shares at 58.30. Southwestern had issued 100,000 shares of its $1 par common stock for $10 several months ago 11 points 8024 Required: Prepare the journal entries to record the above transactions, using the cost method. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Reacquired 76,000 shares at $12.6. Note: Enter debits before credits
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