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Marketsite, Inc. completed the following treasury stock transactions in 2018: June. 3 Purchased 2,000 shares of the company's $5 par value common stock as treasury

Marketsite, Inc. completed the following treasury stock transactions in 2018: June. 3 Purchased 2,000 shares of the company's $5 par value common stock as treasury stock, paying cash of $15 per share. June 14 Sold 800 shares of the treasury stock for cash of $20 per share. Journalize these transactions. Explanations are not required. How will Marketsite, Inc. report treasury stock on its balance sheet as of December 31, 2018?

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