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In 2021, Southwestern Corporation completed the treasury stock transactions listed below. February 2: Reacquired 75,00 shares at $12.50 March 17: Sold 25,000 shares at $14.25.

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In 2021, Southwestern Corporation completed the treasury stock transactions listed below. February 2: Reacquired 75,00 shares at $12.50 March 17: Sold 25,000 shares at $14.25. May 17: Sold 30,000 shares at $8.25. 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. (If no entry is required for a transaction/ select "No journal entry required in the first account field.) select "No journal entry required in the first account field.) View transaction list Journal entry worksheet Reacquired 75,000 shares at $12.5. Note: Enter debits before credits. Date General Journal Debit Credit February 02, 2021 Actions, using the cost method. (If no entry Select "No journal entry required" in the first account field.) 3:36 View transaction list as Journal entry worksheet entry required in the first account field.) 23:28 View transaction list COS Journal entry worksheet

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