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17) Brilliant, Inc. completed the following treasury stock transactions in 2024: April 3 Purchased 2,000 shares of the company's $4 par value common stock as
17) Brilliant, Inc. completed the following treasury stock transactions in 2024: April 3 Purchased 2,000 shares of the company's $4 par value common stock as treasury stock, paying cash of $10 per share. Assume this is the first time the company has purchased any treasury stock. April 20 Sold 800 shares of the treasury stock for cash of $11 per share. April 28 Sold 500 shares of the treasury stock for cash of $7 per share. Journalize these transactions for Brilliant, Inc. for April. Explanations are not required. How will Brilliant, Inc. report treasury stock on its balance sheet as of December 31, 2024
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