Bottom Dollar Furniture, Inc. completed the following treasury stock transactions in 2016: (Click the icon to view the transactions.) Requirements Journalize these transactions. Explanations are not required. 1. 2. How will Bottom Dollar Furniture, Inc. report treasury stock on its balance sheet as of December 31, 2016? Requirement 1. Journalize these transactions. (Record debits first, then credits. Exclude explanations from any journal entries.) Dec. 1: Purchased 1,800 shares of the company's $1 par value common stock as treasury stock, paying cash of $6 per share. Date Dec. 1 Accounts and Explanation Dec. 15: Sold 300 shares of the treasury stock for cash of $9 per share. Date Dec. 15 Accounts and Explanation Debit Credit Debit Credit More info Dec. 1 Purchased 1,800 shares of the company's $1 par value common stock as treasury stock, paying cash of $6 per share. 15 Sold 300 shares of the treasury stock for cash of $9 per share. 20 Sold 700 shares of the treasury stock for cash of $2 per share. (Assume the balance in Paid-In Capital from Treasury Stock Transactions on December 20 is $2,700.) Dec. 20: Sold 700 shares of the treasury stock for cash of $2 per share. (Assume the balance in Paid-In Capital from Treasury Stock Transactions on December 20 is $2,700.) Date Accounts and Explanation Debit Credit Dec. 20 Requirement 2. How will Bottom Dollar Furniture, Inc. report treasury stock on its balance sheet as of December 31, 2016? Bottom Dollar Furniture, Inc. will report treasury stock on the balance sheet as to total stockholders' equity. Print Done