In 2024, WMI Corporation completed the treasury stock transactions listed below.
February 2: Reacquired 63,000 shares at $11.30.
March 17: Sold 13,000 shares at $13.65.
May 17: Sold 18,000 shares at $7.65.
WMI had issued 100,000 shares of its $1 par common stock for $10 several months ago.
Required:
Prepare the journal entries to record the above transactions, using the cost method.
Note: If no entry is required for a transaction/event, select \"No journal entry required\" in the first account field.