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In 2021, Southwestern Corporation completed the treasury stock transactions listed below. February 2: Reacquired 62,000 shares at $11.20. March 17: Sold 12,000 shares at $13.60.

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In 2021, Southwestern Corporation completed the treasury stock transactions listed below. February 2: Reacquired 62,000 shares at $11.20. March 17: Sold 12,000 shares at $13.60. 17: Sold 17,000 shares at $7.60. May 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 3 Reacquired 62,000 shares at $11.2. Note: Enter debits before credits. Date Debit Credit February 02, 2021 General Journal

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