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0 eBook Treasury Stock Transactions Sun Dance Gardens Inc. develops and produces spraying equipment for lawn maintenance and industrial uses On June 3 of the current year Sun Dance Gardens Inc. reacquired Ptet Item 16,500 shares of its common stock at $28 per share. a. What is the balance of Treasury Stock on December 31 of the current year? 16,500 X b. How will the balance in Treasury Stock be reported on the balance sheet a decrease in total stockholders equity V C Assume that Sun Dance Gardens sold 10,400 shares of its treasury stock at $31 on November 2. what accounts would be affected by the sale of the treasury stock? Paid-in Capital from Treasury Stock increases- by 10,400 Cash Treasury Stock decreases X by $ 10,400 X decreasesVby S 10,400 Check My Wr . Use 8 t account to determine the balance of Paid-in Capital from, Treasury Stock Look at the transactions where the treasury stock was sold for amounts that exceeded dropped below the initial base repurchase pice over the period. b. Recall the account classification of Treasury stock e when treasury stock is resold, any sales amount receved cash that ceds the base amount for the treasury stock, ncreases an additional paid-in capital occount fseoarott from the treasur stock account the t s redu ed), An "amount recen ed n cash that is below the treasury stock base sme nt reduces the additional end n Previous Next more Check My Work uses remaining