Discount Furniture, Inc. completed the following treasury stock transactions in 2018: i (Click the icon to view the transactions.) Requirements 1. Journalize these transactions. Explanations are not required. 2. How will Discount Furniture, Inc. report treasury stock on its balance sheet as of December 31, 2018? Requirement 1. Journalize these transactions. (Record debits first, then credits. Exclude explanations from any journal entries.) Dec. 1: Purchased 1,900 shares of the company's $1 par value common stock as treasury stock, paying cash of $5 per share. Date Dec. 1 Accounts Dec. 15: Sold 200 shares of the treasury stock for cash of $8 per share. Date Dec. 15 Accounts Debit Credit Debit Credit Dec. 15: Sold 200 shares of the treasury stock for cash of $8 per share. Date Dec. 15 Accounts Debit Credit Dec. 20: Sold 1,000 shares of the treasury stock for cash of $1 per share. (Assume the balance in Paid-In Capital from Treasury Stock Transactions on December 20 is $2,400.) Date Dec. 20 Accounts Debit Credit Requirement 2. How will Discount Furniture, Inc. report treasury stock on its balance sheet as of December 31, 2018? Discount Furniture, Inc. will report treasury stock total stockholders' equity. on the balance sheet as to Dec. 1 Dec. 15 Dec. 20 Purchased 1,900 shares of the company's $1 par value common stock as treasury stock, paying cash of $5 per share. Sold 200 shares of the treasury stock for cash of $8 per share. Sold 1,000 shares of the treasury stock for cash of $1 per share. (Assume the balance in Paid-In Capital from Treasury Stock Transactions on December 20 is $2,400.)