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On January 23, 2019, Watkins Construction repurchases 275,000 shares of its outstanding common stock for $12 per share. On May 19, 2019, Watkins Construction sells
On January 23, 2019, Watkins Construction repurchases 275,000 shares of its outstanding common stock for $12 per share. On May 19, 2019, Watkins Construction sells 60,000 shares of its treasury stock for $27 per share. On November 1, 2019 Watkins Construction sells 100,500 shares of treasury stock for $8 per share. 1. Prepare the necessary journal entries for the above transactions. All values need to be calculated by using a formula in the cell. Hint: Each date is a separate journal entry. The first date should have a total of two accounts, the second date has a total of three accounts, and the third date has a total of three accounts in the entry. (11 points)
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