Instructions Lava Lake Inc. bottles and distributes spring water. On February 11 of the current year, Lava Lake reacquired 39,500 Required: A. Journalize the transactions of February 11, April 30, and August 22. Refer to the Chart of Accounts for exact B. What is the balance in Paid-In Capital from Sale of Treasury Stock on December 31 of the current year? C. For what reasons might Lava Lake have purchased the treasury stock? harus of its comments 542 per share on April 30. Lava Lake In sold 30,100 of the racquired shares 551 per share on August 22, Lava Lake in sold 0.400 shares at 541 per share wording of accountitles Journal DATE DESCRIPTION POSTRE OCAIT CREDIT ASSETS UABILITIES ZOWATY 1 2 3 + in + Final Questions B. What is the balance in Paid-In Capital from Sale of Treasury Stock on December 31 of the current year? 2 s 3 4 SC. For what reasons might Lava Lake have purchased the Treasury Stock? Check all that apply To support the market price of the stock. The company wishes to increase the par value of its stock