DE14-9 Biscoff Productions. Inc.. began operations in 20X0. After issuing its common stock to the public. Biscoff completed the following treasury stock transactions during the year:

a. Purchased 2,000 shares of the company's $1 par common stock as treasury stock, paying cash of $6 per share.

b. Sold 1.000 shares of the treasury stock for cash of $8 per share. Journalize these transactions. Explanations are not required. Show how Biscoff will report treasury stock on its December 31. 20X0, balance sheet after completing the two transactions. In reporting the treasury stock, focus solely on the Treasury Stock account. You may ignore all other accounts.