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Problem 18-151 In 2018, Southwestern Corporation completed the treasury stock transactions listed below February 2: Reacquired 74,000 shares at $12.40 March 17: Sold 24,000 treasury
Problem 18-151 In 2018, Southwestern Corporation completed the treasury stock transactions listed below February 2: Reacquired 74,000 shares at $12.40 March 17: Sold 24,000 treasury shares at $14.20 May 17: Sold 29,000 treasury shares at $8.20. Southwestern had issued 100,000 shares of its $1 par common stock for $10 several months agc Required: Prepare the journal entries to record the above transactions. (if no entry is required for a transaction/eve required" in the first account field.) View transaction list Journal entry worksheet 123 Reacquired 74,000 shares at $12.40 Rteacquired 74,000 shares at si240
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