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In 2024, Ashland Corp. entered into the treasury stock transactions described below. In 2022, Ashland...

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Accounting

In 2024, Ashland Corp. entered into the treasury stock transactions described below. In 2022, Ashland had issued 200 million shares of its $1 par common stock at $20 per share.
Required:
Prepare the appropriate journal entry for each of the following transactions:
Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e.,10,000,000 should be entered as 10).
On January 23,2024, Ashland reacquired 15 million shares at $23 per share.
On September 3,2024, Ashland sold 1 million treasury shares at $24 per share.
On November 4,2024, Ashland sold 1 million treasury shares at $21 per share.
1 Record the reacquisition of 15 million shares at $23 per share.
2 Record the sale of 1 million treasury shares at $24 per share.
3 Record the sale of 1 million treasury shares at $21 per share.
Credit
= journal entry has been entered
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