Soved The December 31, 2018, balance sheet of MBI Company included the following: Common stock, 19.7 million shares outstanding at $1 par Paid-in capital-excess of par Retained earnings $ 19,700,000 98,500,000 112,000,000 MBI completed the following transactions in 2018 relating to treasury stock: March 17: Reacquired 1.7 million shares at $9.70. May 17 Reacquired 1.7 million shares at $8.85. August 10: Issued 2.7 million shares at $11.85. Required: Assuming Mal uses the cost method, prepare journal entries to record the foregoing transactions on a welghted average basis, (Do not round your per share amount. If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions rounded to 3 decimal places (le, 5,500,000 should be entered as 5.500).) Vww transaction in Journal entry worksheet The December 31, 2018, balance sheet of MBI Company included the following: Common stock, 19.7 million shares outstanding at $1 par Paid-in capital-excess of par Retained earnings $ 19,700,000 98,500,000 112,000,000 MBI completed the following transactions in 2018 relating to treasury stock: March 17: Reacquired 1.7 million shares at $9.70. May 17: Reacquired 1.7 million shares at $8.85. August 10: Issued 2.7 million shares at $11.85. Required: Assuming MBI uses the cost method, prepare journal entries to record the foregoing transactions on a weighted average basis. (Do not round your per share amount. If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions rounded to 3 decimal places (i.e., 5,500,000 should be entered as 5.500).) View transaction list Journal entry worksheet 1 2 3 Issued 2.7 million shares at $11.85. Note: Enter debits before credits General Journal Date August 10, 2018 Debit Credit