Journal Entries

In 2016, Western Transport Company entered into the treasury stock transactions described below. In 2014, Western Transport had issued 130 million shares of its $1 par common stock at $13 per share

1.	On January 23, 2016, Western Transport reacquired 10 million shares at $16 per share.
2.	On September 3, 2016, Western Transport sold 5 million treasury shares at $17 per share.
3.	On November 4, 2016, Western Transport sold 5 million treasury shares at $14 per share