Three journals required:

Reaccquired 69000 shares at $11.90

Sold 19000 shares at $13.95

Sold 24000 shares at $7.95

n 2016, Southwestern Corporation completed the treasury stock transactions listed below February 2: Reacquired 69,000 shares at $11.90. March 17 Sold 19,000 shares at $13.95. May 17: Sold 24,000 shares at $7.95. Southwestern had issued 100,000 shares of its $1 par common stock for $10 several months ago. Required Prepare the journal entries to record the above transactions using the cost method. (lf no entry is required for a transaction/event, select "No journal entry required" in the first account field.)