In 2024, Western Transport Company entered into the treasury stock transactions described below. In 2022,...
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Accounting
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.
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