Biscayne Bay Water Inc bottles and distributes spring water On May 14 of the current year, Biscayne Bay Water Inc reacquired 24,200 shares of its common stock The stock outstanding when a corporation has issued only one class of stock at $68 per share On September 6, Biscayne Bay Water Inc sold 12,500 of the reacquired shares at $74 per share The remaining 11,700 shares were sold at $65 per share on November 30 Required A Journalize the transactions of May 14, September 6, and November 30 Refer to the Chart of Accounts for exact wording of account titles B What is the balance in Paid In Capital Capital contributed to a corporation by the stockholders and others 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

Question

Biscayne Bay Water Inc  bottles and distributes spring water  On May 14 of the current year, Biscayne Bay Water Inc  reacquired 24,200 shares of its common stock The stock outstanding when a corporation has issued only one class of stock  at $68 per share  On September 6, Biscayne Bay Water Inc  sold 12,500 of the reacquired shares at $74 per share  The remaining 11,700 shares were sold at $65 per share on November 30  Required  A  Journalize the transactions of May 14, September 6, and November 30  Refer to the Chart of Accounts for exact wording of account titles  B  What is the balance in Paid In Capital Capital contributed to a corporation by the stockholders and others  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

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A.	Journalize the transactions of May 14, September 6, and November 30. Refer to the Chart of Accounts for exact wording of account titles.
B.	What is the balance in Paid-In Capital Capital contributed to a corporation by the stockholders and others. 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?

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Biscayne Bay Water Inc. bottles and distributes spring water. On May 14 of the current year, Biscayne Bay Water Inc. reacquired 24,200 shares of its

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