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Lawn Spray Inc, develops and produces spraying equipment for lawn maintenance and industrial uses. On January 31 of the current year, Lawn Spray Increacquired 19,700
Lawn Spray Inc, develops and produces spraying equipment for lawn maintenance and industrial uses. On January 31 of the current year, Lawn Spray Increacquired 19,700 shares of its common stock at $19 per share. On June 14, 13,400 of the reacquired shares were sold at $25 per share, and on November 23, 5,300 of the reacquired shares were sold at $20. Required: A. Journalize the transactions of January 31, June 14, and November 23. Refer to the Chart of Accounts for exact wording of account titles. B. What is the balance in Pald-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? A Joumalize the transactions of January 31, June 14, and November 23. Refer to the Chart of Accounts for exact wording of account titles. PAGE 10 JOURNAL ACCOUNTING EQUATION DESCRIPTION POST. REF. EDIT ASSETS LIABILITIES EQUITY Instructions Journal PAGE 10 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. REF. ASSETS LIABILITIES EQUITY Final Questions UBWhat is the balance in Palaun opkal trom Sale of Treasury Stock on December of the current ACCOUN C. What is the balance in Treasury Stock on December 31 of the current yes D. How will the balance in Treasury Stock be reported on the balance sheer
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