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 of the current year, Sprayco reacquired 15,800 shares of its common stock at $33 per share on June 9, 10,000 of the reacquired shares were sold at $36 per shore, and on November 13, 2,800 of the reacquired shares were sold at $38 2. Journalize the transactions of March 9, June 9, and November 13. 1 an amount box does not require an entry leave it blank, Mar 9 Treasury Stock Cash June 9 Cash Treasury Stock Pald-In Capital from Sale of Treasury Stock W1 01 100 10 Nov. 13 Cash Treasury Stock Pald in Capital from Sale of Treasury Stock b. What is the balance in Paid-in Capital from Sale of Treasury Stock on December 1 or the current year? 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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