After being in business for several years and issuing its common stock to the public, Bargain Basement, Inc., completed the following treasury stock transactions: (Click the icon to view the transactions.) Read the requirements. CH Requirement 1. Journalize these transactions. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries.) Begin by journalizing the purchase of the treasury stock Journal Entry Accounts Debit Credit a 13,200 Treasury stock Cash More Info 13,200 a. Purchased 2,200 shares of the company's $4 par common stock treasury stock, paying cash of $6 per share Sold 1,500 shares of the treasury stock for cash of $8 per share Now let's journalize the sale of the treasury stock b. Journal Entry Accounts Credit Debit 12.000 b. Cash Print Done Treasury stock Paid-in capital, treasury stock 9,000 6,000 Requirement 2. What kind of account is Treasury stock? After completing the two transactions, how should Bargain Basement, Inc., report the treasury stock on its balance sheet? Treasury stock is After completing the two transactions, how should Bargain Basement, Inc., report the treasury stock on its balance sheet? Complete the partial balance sheet below to show how the cor record the treasury stock on its balance sheet. (Complete all answer boxes.) Bargain Basement, Inc. Balance Sheet (partial) Total paid-in capital S XXX.XXX Retained earnings XXX XXX Subtotal XXX.XXX Treasury stock at shares @ S XXX XXX Total Stockholders' Equity