Conyer Water Inc. Bottles and Distributes spring water. On July 5 of the current year, conyer water inc. reacquited 12,500 shares of its common stock at $80 per share. on november 3, conyers water inc. sold 7000 of the reacquired shares at $84 per share. the remaining 5500 shares were sold at $78 per share on December 10. journalize the transactions of july 5, november 3, and december 10 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 sheet? For what reasons might Conyer Water Inc. have purchased the treasury stock