Instructions Tulip Corporation uses the cost method to account for treasury stock transactions on December 31. Required: 1. What journal entry would Tulip make to record the reacquisition of 2,000 shares of its common stock at $12 per share? After the treasury stock transaction, Tulip made the following journal entry when it reissued the treasury shares: DATE Dec. 31 Cash PAGE 1 GENERAL JOURNAL ACCOUNT TITLE POST REF DEBIT CREDIT 34,000.00 Treasury Stock Paid-in Capital on Treasury Stock 24,000.00 10,000.00 ck General Journal 1. What journal entry would Tulip make to record the reacquisition of 2,000 shares of its common stock at $12 per share on December 317 Shaded cells H General Journal Instructions How does grading work? 1 DATE Dec. 31 Cash Treasury Stock PAGE 1 Score: 16/25 GENERAL JOURNAL ACCOUNT TITLE POST. REF DEBIT CREDIT Points: