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In 2021, Southwestern Corporation completed the treasury stock transactions listed below. February 21 Reacquired 68,000...

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In 2021, Southwestern Corporation completed the treasury stock transactions listed below. February 21 Reacquired 68,000 shares at $11.80. March 17+ Sold 18,000 shares at $13.90. May 17: Sold 23,000 shares at $7.90. 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. (If no entry is required for a transact select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Reacquired 68,000 shares at $11.8. Note: Enter debits before credits Date General Journal Debit Credit February 02, 2021

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