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please complete required section! Exercise 18-12 (Algo) Treasury stock [LO18-5] In 2024, Western Transport Company entered into the treasury stock transactions described below. In 2022,
please complete required section!
Exercise 18-12 (Algo) Treasury stock [LO18-5] In 2024, Western Transport Company entered into the treasury stock transactions described below. In 2022, Western Transport had issued 250 million shares of its $1 par common stock at $25 per share. Required: Prepare the appropriate journal entry for each of the following transactions: Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10 ). 1. On January 23,2024 , Western Transport reacquired 15 million shares at $28 per share. 2. On September 3, 2024, Western Transport sold 2 million treasury shares at $29 per share. 3. On November 4,2024 , Western Transport sold 2 million treasury shares at $26 per shareStep by Step Solution
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