Biscayne Bay Water Inc. bottles and distributes spring water. On May 14 of the current year, Biscayne Bay Water Inc. reacquired 2,400 shares of its common stock at $59 per share. On September 6, Biscayne Bay Water Inc. sold 1,900 of the reacquired shares at $62 per share. The remaining 500 shares were sold at $55 per share on November 30. adournalize the transactions of May 14, September 6, and November 30. For a compound transaction, if an amount box does not require an entry, leave it blank. May 14 Sept. Nov. b. What is the balance in Paid-In Capital from Sale of Treasury Stock on December 31 of the current year? Where will the balance in Paid-In Capital from Sale of Treasury Stock be reported on the balance het? For what reasons might Biscayne Bay Water Inc. have purchased the treasury stock? (Ctrl