Treasury Stock Transactions SprayCo Inc. develops and produces spraying equipment for lawn maintenance and industrial...
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Treasury Stock Transactions SprayCo Inc. develops and produces spraying equipment for lawn maintenance and industrial uses. On March 9 of the current year, SprayCo reacquired 17,600 shares of its common stock at $28 per share. On June 9, 11,100 of the reacquired shares were sold at $30 per share, and on November 13, 4,200 of the reacquired shares were sold at $30. 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 June 9 Nov. 13 b. What is the balance in Paid-In Capital from Sale of Treasury Stock on December 31 of the current year? c. What is the balance in Treasury Stock on December 31 of the current year
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