12.15

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 17,200 shares of its common stock at $32 per share. On June 9, 10,800 of the reacquired shares were sold at $34 per share, and on November 13, 4,100 of the reacquired shares were sold at $36. 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 10 111 III Nov. 13 b. What is the balance in Paldin Capital from Sale of Treasury Stock on December of the current year? c. What is the balance in Treasury Stock on December 31 of the current year? 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 DII III 111 111.11 Nov. 13 b. What is the balance in Pald-In Capital from Sale of Treasury Stock on December 31 of the current year? What is the balance in Treasury Stock on Decembar 1 of the current year d. How will the balance in Treasury Stock be reported on the balance sheet