More info Dec. 1 Dec. 15 Dec. 20 Purchased 1,800 shares of the company's $1 par value common stock as treasury stock, paying cash of $6 per share. Sold 300 shares of the treasury stock for cash of $9 per share. Sold 1,300 shares of the treasury stock for cash of $1 per share. (Assume the balance in Paid-In Capital from Treasury Stock Transactions on December 20 is $1,800.) Print Done Discount World Furniture, Inc. completed the following treasury stock transactions in 2024: i (Click the icon to view the transactions.) Requirements 1. Journalize these transactions. Explanations are not required. 2. How will Discount World Furniture, Inc. report treasury stock on its balance sheet as of December 31, 2024? Requirement 1. Journalize these transactions. (Record debits first, then credits. Exclude explanations from any journal entries.) Dec. 1: Purchased 1,800 shares of the company's $1 par value common stock as treasury stock, paying cash of $6 per share. Date Accounts Dec. 1 Treasury Stock-Common Cash Dec. 15: Sold 300 shares of the treasury stock for cash of $9 per share. Date Dec. 15 Cash Accounts Treasury Stock-Common Paid-In Capital from Treasury Stock Transactions Debit Credit 10800 10800 Debit Credit 2700 1800 900 Dec. 20: Sold 1,300 shares of the treasury stock for cash of $1 per share. (Assume the balance in Paid-In Capital from Treasury Stock Transactions on December 20 is $1,800.) Date Accounts Dec. 20 Cash Paid-In Capital from Treasury Stock Transactions Retained Earnings Treasury Stock-Common Debit Credit 1300 1800 (500) 7800 Requirement 2. How will Discount World Furniture, Inc. report treasury stock on its balance sheet as of December 31, 2024? Discount World Furniture, Inc. will report treasury stock on the balance sheet as to total stockholders' equity