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

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Accounting

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In 2024, Western Transport Company entered into the treasury stock transactions described below. In 2022, Western Transport had issued 150 million shares of its \$1 par common stock at \$14 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). 1. On January 23,2024 , Western Transport reacquired 10 million shares at $17 per share. 2. On September 3, 2024. Western Transport sold 4 million treasury shares at $18 per share. 3. On November 4,2024, Western Transport sold 4 million treasury shares at $15 per share. Journal entry worksheet Record the reacquisition of 10 million shares at $17 per share. Note: Enter debits before credts

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