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Treasury Stock Transactions evelops and produces...

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Accounting

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Treasury Stock Transactions evelops and produces spraying equipment for lawn maintenance and industrial uses. On March 9 of the current year, SprayCo reacquired 8,600 shares of its per share. On June 9, 5,400 of the reacquired shares were sold at $48 per share, and on November 13, 2,100 of the reacquired shares were soid at $51 a. Journalize the transactions of March 9, June 9, and November 13. If an amount box does not require an entry, leave it blank. Mar. 9 Treasury Stock Cash V 378,400 378,400 June 9 Cash 59,200 Treasury Stock 37,600 21,600 Paid-in Capital from Sale of Treasury Stock 107,100 Stock 92,400 Paid-1n Capital from Sale of Treasury Stock 14,700 The repurchase of shares, known as treasury shock, is tyoically recorded using What is it giving uo? Keep in mind the price paid to buy the treasury stock and the price the shares are resoid for at a later date the cost method. When the treasury stock is e coy Learning Oblective S, Learning Ojective 6 0 more Check My Work uses remaining

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