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 13,700 shares of its common stock at $25 per share. On June 9, 8,600 of the reacquired shares were sold at $27 per share, and on November 13,3,300 of the reacquired shares were sold at $28. a. Journalize the transactions of March 9, June 9, and November 13. If an amount box does not require an entry, leave it blank. 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? $ d. How will the balance in Treasury Stock be reported on the balance sheet
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