# CHAPTER 18 (8.) In 2018, Western Transport Company entered into the treasury stock transactions described below....

###### Question:

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).)

1. On January 23, 2018, Western Transport reacquired 10 million shares at $20 per share. 2. On September 3, 2018, Western Transport sold 1 million treasury shares at$21 per share.
##### 7. Kamath-Meier Corporation's CFO uses this equation, which was developed by regressing inventories on sales over...
7. Kamath-Meier Corporation's CFO uses this equation, which was developed by regressing inventories on sales over the past 5 years, to forecast inventory requirements: Inventories - $25.0 + 0.145 (Sales). The company expects sales of$350 million during the current year, and it expects sales to ...
##### A resistor with R = 350 Ω and an inductor are connected in series across an...
A resistor with R = 350 Ω and an inductor are connected in series across an ac source that has voltage amplitude 500 V . The rate at which electrical energy is dissipated in the resistor is 306 W (a) What is the impedance Z of the circuit? (b) What is the amplitude of the voltage across the in...
##### How do you simplify (3-2i)/(-4-i)?
How do you simplify (3-2i)/(-4-i)?...
##### What does it mean to say that a database displays both entity integrity and referential integrity?...
What does it mean to say that a database displays both entity integrity and referential integrity? How are each established?...
##### Matlab program 3) Solve: EY" – y + y = 0, 0 SX51 ε= 0.05 y(0)...
Matlab program 3) Solve: EY" – y + y = 0, 0 SX51 ε= 0.05 y(0) = -1, y(1) =+1 Plot y(x). Evaluate y(x) at x = 0.25, 0.5, 0.75....
##### Provide the chemical structure formed at the end of each reaction in the following scheme. Provide...
Provide the chemical structure formed at the end of each reaction in the following scheme. Provide the chemical structure formed at the end of each reaction in the following scheme. (6 points) c. Br ether...