Tulip Corporation uses the cost method to account for treasury stock transactions on December 31. Required: 1. What joumal entry would Tulip make to record the reacquisition of 2,000 shares of its common stock at $12 per share? After the treasury stock. transaction, Tulip made the following joumal entry when it reissued the treasury shares: 1. What journal entry would Tulip make to record the reacquisition of 2,000 shares of its common stock at $12 per share on December 31 ? General Journal Instructions How does grading work