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Lawn Spray Inc. dovelops and produces spraying equipment for lawn maintenance and industrial uses. On January 31 or the current year, Lawn Spray inc. reacquired

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Lawn Spray Inc. dovelops and produces spraying equipment for lawn maintenance and industrial uses. On January 31 or the current year, Lawn Spray inc. reacquired 19,200 shares of its commen stock at $19 per share. On June 14, 13,600 of the reacquired shares were sold at $24 per share, and on November 23,4,100 of the reacquired shares were sold at $20. Required: A. Joumalize the transactions of Januay 31, June 14, and November 23. Fofor to the Chart of Accounts for exact wording of account bitios. B. What is the balance in Paidtin Calpital 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 yoar? D. How wit the balance in Treasury Stock be reported on the balance sheet? it of Accounts 221 Notes Payable 537 Organizational Expenses 226 Interest Payable 562 Depreciation Expense-Equipment 231 Cash Dividends Payable 590 Miscellaneous Expense 241 Salaries Payable 710 Interest Expense 261 Mortgage Note Payable EQUITY 311 Common Stock 312 Paid-In Capital in Excess of Par-Common Stock 315 Treasury Stock 321 Preferred Stock 322 Paid-In Capital in Excess of Par-Preferred Stock 331 Paid-In Capital from Sale of Treasury Stock 340 Retained Earnings 350 Stock Dividends Distributable 351 Cash Dividends 352 Stock Dividends 390 Income Summary A. Joumailze the transactions of January 31, June 14, and November 23. Aeler to the Chart of Accounts for exact wording of account sules. 3. What is the balance in Paid-In Capital from Sale of Treasury Stock on December 31 of the current year? Feodback Check My Work Consider what entries might have affected the value of the Paid-In Capital account. C. What is the balance in Treasury Stock on December 31 of the current year

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