In 2018, Southwestern Corporation completed the treasury stock transactions listed below February 2: Reacquired 70,000 shares at S12 March 17: Sold 20,000 shares at $14 May 17: Sold 25,000 shares at $8 Southwestern had issued 100,000 shares of its SI par common stock for $10 several months ago.

Required:

Prepare the journal entries to record the above transactions, using the cost method

Answer rating: 100% (QA)

feb 2 2018 Mary 7 O 840000 240000 40000 Cash M 25000 x 80 2... View the full answer