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 16,200 shares of its common stock at $30 per share. On June 9, 10,200 of the reacquired shares were sold at $32 per share, and on November 13, 3,900 of the reacquired shares were sold at $32. 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? d. How will the balance in Treasury Stock be reported on the balance sheet
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