SprayCo Inc. develops and produces spraying equipment for lawn maintenance and industrial uses. On March 9 of the current year, SprayCo reacquired 17,200 shares of its common stock at $43 per share. On June 9, 10,800 of the reacquired shares were sold at $46 per share, and on November 13, 4,100 of the reacquired shares were sold at $46.
SprayCo Inc. develops and produces spraying equipment for lawn maintenance and industrial uses. On March 9 of the current year, SprayCo reacquired 17,200 shares of its common stock at $43 per share. On June 9, 10,800 of the reacquired shares were sold at $46 per share, and on November 13, 4,100 of the reacquired shares were sold at $46.
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 |
|
- Select - | - Select - |
|
|
- Select - | - Select - | |
| June 9 |
|
- Select - | - Select - |
|
|
- Select - | - Select - | |
|
|
- Select - | - Select - | |
| Nov. 13 |
|
- Select - | - Select - |
|
|
- Select - | - Select - | |
|
|
- Select - | - Select - |
b. What is the balance in Paid-In Capital from Sale of Treasury Stock on December 31 of the current year?
$fill in the blank f49e5d019fce04b_1
c. What is the balance in Treasury Stock on December 31 of the current year?
$fill in the blank f49e5d019fce04b_3
d. How will the balance in Treasury Stock be reported on the
Trending now
This is a popular solution!
Step by step
Solved in 5 steps with 1 images
