Biscayne Bay Water inc boltes and distrbutes speng water On May 14 ot the cument year, Bicayne Bay Water reacquired 28,550 shares of its coenmen slock af 557 per share On Seplember 6 , Bscayne Bay Water sold 12,750 of the reacquied staves at $73 per share. The iemaing 13,800 shares were sold at $44 per share on November 30 Required: a. Jounalize the irsnsactons of May tA, 5eptember 6 and November 30 5. What as the balance in Padi in Gagtar nom Sob of Treasury Slock on Decenter 31 of the currehf year? c Where wil the balince on Paid ir Captar fum Sale of Feasury stock be repoited on the balance sheet? d For what roasons inight tlaceme blay Warer hec have purchased ihe treasuryasock? at Journalize the transactions of May 14 , September 6, and November 30 General doumal Instructions b. What is the balance in Paid-In Capital from Sale of Treasury Stock on December 31 of the current year? c. Where will the balance in Paid-In Capital from Sale of Treasury Stock be reported on the balance sheet? d For what reasons might Biscayne Bay Water inc have purchased the treasury stock? Check all that apply The company wishes to increase the par value of its stock The company wishes to receive more of its own dividends To provide shares for resale to employees. To support the market price of the stock For reissuance to employees as a bonus according to stock purchase agreements