In Western Transport Company entered into the treasury stock transactions described below. In Western Transport had issued million shares of its $ par common stock at $ per share.
Required:
Prepare the appropriate journal entry for each of the following transactions:
Note: If no entry is required for a transactionevent select No journal entry required" in the first account field. Enter your answers in millions ie should be entered as
On January Western Transport reacquired million shares at $ per share.
On September Western Transport sold million treasury shares at $ per share.
On November Western Transport sold million treasury shares at $ per share.
Journal entry worksheet
Record the reacquisition of million shares at $ per share.
Note: Enter debits before credits.
