Best Discount Furniture, Inc. completed the following treasury stock transactions in 2018: i (Click the icon to view the transactions.) Requirements 1. Journalize these transactions. Explanations are not required. 2. How will Best Discount Furniture, Inc. report treasury stock on its balance sheet as of December 31, 2018? Accounts Requirement 1. Journalize these transactions. (Record debits first, then credits. Exclude explanations from any journal entries.) Dec. 1: Purchased 1,700 shares of the company's $1 par value common stock as treasury stock, paying cash of $8 per share. Date Dec. 1 Treasury Stock-Common Cash Debit 13,600 Credit 13,600 Dec. 15: Sold 400 shares of the treasury stock for cash of $11 per share. Date Dec. 15 Accounts Cash Treasury Stock-Common Paid-In Capital from Treasury Stock Transactions Debit Credit 4,400 3,200 1,200 More info Dec. 1 Dec. 15 Purchased 1,700 shares of the company's $1 par value common stock as treasury stock, paying cash of $8 per share. Sold 400 shares of the treasury stock for cash of $11 per share. Dec. 20 Sold 1,100 shares of the treasury stock for cash of $4 per share. (Assume the balance in Paid-In Capital from Treasury Stock Transactions on December 20 is $2,700.) Dec. 20: Sold 1,100 shares of the treasury stock for cash of $4 per share. (Assume the balance in Paid-In Capital from Treasury Stock Transactions on December 20 is $2,700.) Accounts Date Dec. 20 Cash Paid-In Capital from Treasury Stock Transactions Retained Earnings Treasury Stock-Common Debit Credit 4,400 2,700 Print Done