Cheap Discount Furniture, Inc. completed the following treasury stock transactions in 2018: Click the icon to view the transactions.) Requirements 1. Journalize these transactions. Explanations are not required. 2. How wll Cheap Discount Furniture, Inc. report treasury stock on its balance sheet as of December 31, 2018? s Requirement 1. Journalize these transactions. (Record debits first, then credits, Exclude explanations from any Journal entries.) Dec. 1: Purchased 1.600 shares of the company's S1 par value common stock as treasury stock, paying cash of $7 por share. Date Accounts Debit AL Credit Dec 1 Dec 15: Sold 600 shares of the treasury stock for cash of $10 per share. C Date Accounts Debit Credit Dec 15 ne Dec. 20: Sold 600 shares of the treasury stock for cash of $3 per share. (Assume the balance in Paid-in Capital from Treasury Stock Transactions on December 20 is $2,100) he cti Date Credit Accounts Debit Doc. 20 ato rs' a Requirement 2. How will Cheap Discount Furniture, Inc. report treasury stock on its balance sheet as of December 31, 2018? on the balance sheets to total stockholders Cheap Discount Furniture, Inc. will report treasury stock equity en More Info ch Purchased 1,600 shares of the company's $1 par value common stock as treasury stock, Dec. 1 paying cash of $7 per share. Dec. 15 Sold 600 shares of the treasury stock for cash of $10 per share. Sold 600 shares of the treasury stock for cash of $3 per share. (Assume the balance in Dec. 20 Paid-In Capital from Treasury Stock Transactions on December 20 is $2,100.) old Print Done