Bargain Basement Furniture, Inc. completed the following treasury stock transactions in 2024: A (Click the icon to view the transactions.) Requirements 1. Journalize these transactions. Explanations are not required. 2. How will Bargain Basement Furniture, Inc. report treasury stock on its balance sheet as of December 31, 2024? Date Accounts Debit Credit Dec. 15 Cash 5,400 3,600 Treasury Stock-Common Paid-In Capital from Treasury Stock Transactions 1,800 Dec. 20: Sold 800 shares of the treasury stock for cash of $1 per share. (Assume the balance in Paid-In Capital from Treasury Stock Transactions on December 20 is $2,200.). Date Accounts Debit Credit More Info Dec. 20 Cash 800 2,200 Paid-In Capital from Treasury Stock Transactions Retained Earnings Treasury Stock-Common 4800 Dec. 1 7800 Dec. 15 Purchased 1,500 shares of the company's $1 par value common stock as treasury stock, paying cash of $6 per share. Sold 600 shares of the treasury stock for cash of $9 per share. Sold 800 shares of the treasury stock for cash of $1 per share. (Assume the balance in Paid-In Capital from Treasury Stock Transactions on December 20 is $2,200.) Dec. 20 Choose from any list or enter any number in the input fields and then click Check Answer. 1 part