The December 31, 2018, Balance Sheet of MBI Company Included

The December 31, 2018, balance sheet of MBI Company included the following: $\begin{array}{|l|l|}\hline\text { Common stock, 20 million shares outstanding at } \$ 1 \text { par } & \$ 20,000,000 \\\hline \text { Paid-in capital-excess of par } & 100,000,000 \\\hline \text { Retained earnings } & 115,000,000\\\hline\end{array}$ MBI completed the following transactions in 2018 relating to treasury stock: $\begin{array}{|l|l|}\hline \text { March 17: } & \text { Reacquired } 2 \text { million shares at } \$ 10 \\\hline \text { May 17: } & \text { Reacquired 2 million shares at } \$ 9 \\\hline \text { August 10: } & \text { Issued 3 million shares at } \$ 12 \\\hline\end{array}$ Required:
Prepare journal entries to record the foregoing transactions on a weighted average basis.