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Instructions Chart of Accounts Journal Final Questions Instructions SprayCo Inc. develops and produces sprayng equipment for lawn maintenance and industrial usos. On March of the
Instructions Chart of Accounts Journal Final Questions Instructions SprayCo Inc. develops and produces sprayng equipment for lawn maintenance and industrial usos. On March of the current year, SprayCo reacquired 16.000 shares of its common stock at $10 per share on June 13,600 of the reacquired shares were sold at $27 per share, and on November 13, 3.200 of the reacquired shares were sold at $20 Required: a. Journalize the transactions of March 9, June 9, and November 13. Reter to the Chart of Accounts for exact wording of account titles. b. What is the balance in Paid-in Capital from Sale of Treasury Stock on December 31 of the current year? c. What is the balance in Treasury Stock on December 31 of the current year? d. How will the balance in Treasury Stock be reported on the balance sheet?
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