Chart of Accounts Joumal Final Questions Instructions Biscayne Bay Water Inc. bottles and distributes spring water. On May 14 of the current year, Biscayne Bay Water Inc. reacquired reacquired shares at $74 per share. The remaining 11,750 shares were sold at $85 per share on November 30. Required: A. Joumalize the transactions of May 14 September 6, and November 30. Refer to the Chart of Accounts for exact wording 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? Bay Water Inc. racquired 27,550 shares of its common stock at $88 per share on September 6, Biscayne Bay Water Inc. sold 15,800 of the mber 30 counts for exact wording of account titles ment your? structions Journal DATE DESCRIPTION POST REF DEBIT CREDIT ASSETS LAMLITICS 1 5 structions Journal Final Questions 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? 5 D. For what reasons might Biscayne Bay Water Inc. have purchased the treasury stock? Check all that apply