In 2018, Western Transport Company entered into the treasurystock transactions described below. In 2

In 2018, Western Transport Company entered into the treasurystock transactions described below. In 2

In 2018, Western Transport Company entered into the treasurystock transactions described below. In 2016, Western Transport hadissued 140 million shares of its $1 par common stock at $17 pershare. Required:
Prepare the appropriate journal entry for each of the followingtransactions: (If no entry is required for atransaction/event, select “No journal entry required” in the firstaccount field. Enter your answers in millions(i.e., 10,000,000 should be entered as 10).) On January 23, 2018, Western Transport reacquired 10 millionshares at $20 per share. On September 3, 2018, Western Transport sold 1 million treasuryshares at $21 per share. On November 4, 2018, Western Transport sold 1 million treasuryshares at $18 per share. . . .

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