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Office Goods, Inc. completed the following treasury stock transactions in 2025: View the transactions....

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Accounting

Office Goods, Inc. completed the following treasury stock transactions in 2025:
View the transactions.
Requirements
Journalize these transactions. Explanations are not required.
How will Office Goods, Inc. report treasury stock on its balance sheet as of December 31,2025?
Requirement 1. Journalize these transactions. (Record debits first, then credits. Exclude explanations from any journal entries.)
Dec. 1: Purchased 1,300 shares of the company's $1 par value common stock as treasury stock, paying cash of $8 per share.
Transactions
Dec. 1 Purchased 1,300 shares of the company's $1 par value common stock as treasury stock, paying cash of $8 per share.
Dec. 15 Sold 200 shares of the treasury stock for cash of $11 per share.
Dec. 20 Sold 900 shares of the treasury stock for cash of $4 per share. (Assume the balance in Paid-In Capital from Treasury Stock Transactions on December 20 is $1,900.)
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