In 2021, Western Transport Company entered into the treasury stock transactions described below. In 2019, Western...
In 2021, Western Transport Company entered into the treasury
stock transactions described below. In 2019, Western Transport had
issued 280 million shares of its $1 par common stock at $28 per
share.
Required:
Prepare the appropriate journal entry for each of the following
transactions: (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, 2021, Western Transport reacquired 20 million shares at $31 per share.
- On September 3, 2021, Western Transport sold 2 million treasury shares at $32 per share.
- On November 4, 2021, Western Transport sold 2 million treasury shares at $29 per share.
Homework Answers
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In 2021, Western Transport Company entered into the treasury
stock transactions described below. In 2019, Western...
In 2021, Western Transport Company entered into the treasury stock transactions described below. In 2019, Western...
In 2021, Western Transport Company entered into the treasury stock transactions described below. In 2019, Western Transport had issued 280 million shares of its $1 par common stock at $28 per share. Required: Prepare the appropriate journal entry for each of the following transactions: (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, 2021, Western...
In 2021, Western Transport Company entered into the treasury stock transactions described below. In 2019, Western...
In 2021, Western Transport Company entered into the treasury stock transactions described below. In 2019, Western Transport had issued 240 million shares of its $1 par common stock at $24 per share. Required: Prepare the appropriate journal entry for each of the following transactions: (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (.e., 10,000,000 should be entered as 10).) 1. On January 23, 2021, Western...
In 2018, Western Transport Company entered into the treasury stock transactions described below. In 2016, Western...
In 2018, Western Transport Company entered into the treasury stock transactions described below. In 2016, Western Transport had issued 280 million shares of its $1 par common stock at $28 per share. Required: Prepare the appropriate journal entry for each of the following transactions: (If no entry is required for a transaction/event, select "No journal entry required in the first account field. Enter your answers in millions (ie., 10,000,000 should be entered as 10).) 1 On January 23, 2018, Western...
In 2016, Western Transport Company entered into the treasury stock transactions described below. In 2014, Western...
In 2016, Western Transport Company entered into the treasury stock transactions described below. In 2014, Western Transport had issued 210 million shares of its $1 par common stock at $21 per share. Required: Prepare the appropriate journal entry for each of the following transactions: (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, 2016, Western...
In 2018, Western Transport Company entered into the treasury stock transactions described below. In 2016, Western Transp...
In 2018, Western Transport Company entered into the treasury stock transactions described below. In 2016, Western Transport had issued 240 million shares of its $1 par common stock at $24 per share. Required: Prepare the appropriate journal entry for each of the following transactions: (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, 2018, Western Transport...
CHAPTER 18 (8.) In 2018, Western Transport Company entered into the treasury stock transactions described below....
CHAPTER 18 (8.) In 2018, Western Transport Company entered into the treasury stock transactions described below. In 2016, Western Transport had issued 140 million shares of its $1 par common stock at $17 per share. Required: Prepare the appropriate journal entry for each of the following transactions: (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,...
Chapter 18-5 In 2018, Western Transport Company entered into the treasury stock transactions described below. In...
Chapter 18-5 In 2018, Western Transport Company entered into the treasury stock transactions described below. In 2016, Western Transport had issued 140 million shares of its $1 par common stock at $17 per share. Required: Prepare the appropriate journal entry for each of the following transactions: (If no entry is required for a transaction/event, type “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, 2018,...
In 2018, Western Transport Company entered into the treasury stock transactions described below. In 2016, Western...
In 2018, Western Transport Company entered into the treasury stock transactions described below. In 2016, Western Transport had issued 280 million shares of its $1 par common stock at $28 per share Required: Prepare the appropriate journal entry for each of the following transactions: (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, 2018, Western...
In 2018, Western Transport Company entered into the treasury stock transactions described below. In 2016, Western...
In 2018, Western Transport Company entered into the treasury stock transactions described below. In 2016, Western Transport had issued 120 million shares of its $1 par common stock at $12 per share. Required: Prepare the appropriate journal entry for each of the following transactions: (f no entry is required for a transaction/event, select "No journal entry required" in the first account fileld. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) 1. On January 23, 2018, Western...
In 2018, Western Transport Company entered into the treasury stock transactions described below. In 2016, Western...
In 2018, Western Transport Company entered into the treasury stock transactions described below. In 2016, Western Transport had issued 260 million shares of its $1 par common stock at $26 per share. Required: Prepare the appropriate journal entry for each of the following transactions: (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, 2018, Western...
In 2021, Western Transport Company entered into the treasury stock transactions described below. In 2019, Western Transport had issued 280 million shares of its $1 par common stock at $28 per share. Required: Prepare the appropriate journal entry for each of the following transactions: (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, 2021, Western...
In 2021, Western Transport Company entered into the treasury stock transactions described below. In 2019, Western Transport had issued 240 million shares of its $1 par common stock at $24 per share. Required: Prepare the appropriate journal entry for each of the following transactions: (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (.e., 10,000,000 should be entered as 10).) 1. On January 23, 2021, Western...
In 2018, Western Transport Company entered into the treasury stock transactions described below. In 2016, Western Transport had issued 280 million shares of its $1 par common stock at $28 per share. Required: Prepare the appropriate journal entry for each of the following transactions: (If no entry is required for a transaction/event, select "No journal entry required in the first account field. Enter your answers in millions (ie., 10,000,000 should be entered as 10).) 1 On January 23, 2018, Western...
In 2018, Western Transport Company entered into the treasury stock transactions described below. In 2016, Western Transport had issued 280 million shares of its $1 par common stock at $28 per share Required: Prepare the appropriate journal entry for each of the following transactions: (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, 2018, Western...
In 2018, Western Transport Company entered into the treasury stock transactions described below. In 2016, Western Transport had issued 120 million shares of its $1 par common stock at $12 per share. Required: Prepare the appropriate journal entry for each of the following transactions: (f no entry is required for a transaction/event, select "No journal entry required" in the first account fileld. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) 1. On January 23, 2018, Western...
In 2018, Western Transport Company entered into the treasury stock transactions described below. In 2016, Western Transport had issued 260 million shares of its $1 par common stock at $26 per share. Required: Prepare the appropriate journal entry for each of the following transactions: (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, 2018, Western...
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