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Discount Center Furniture, Inc. completed the following treasury stock transactions in 2016: (Click the icon to view the transactions.) 1. Journalize these transactions. Explanations are

Discount Center Furniture, Inc. completed the following treasury stock transactions in 2016: (Click the icon to view the transactions.) 1. Journalize these transactions. Explanations are not required. 2. How will Discount Center Furniture, Inc. report treasury stock on its balance sheet as of December 31, 2016

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