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In 2021, Southwestern Corporation completed the treasury stock transactions listed below. February 2: Reacquired 67,000 shares at $11.70. March 17: Sold 17,000 shares at $13.85.

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In 2021, Southwestern Corporation completed the treasury stock transactions listed below. February 2: Reacquired 67,000 shares at $11.70. March 17: Sold 17,000 shares at $13.85. May 17: Sold 22,000 shares at $7.85. 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/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 Reacquired 67,000 shares at $11.7. > Note: Enter debits before credits Date General Journal Debit Credit February 02, 2021 Record entry Clear entry View general Journal

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